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October 1, 2011

Guidance for Environmental Due Diligence in Loan Work Out Situations

By Nicole TK Moore, REPA

Manages Risk and Federal, State Compliance

Would you purchase a non-residential property without setting foot onsite? Probably not. Similarly, it does not make sense for a lending institution to take title to a non-residential property without conducting sufficient due diligence. Given the current economic conditions, lenders are facing many challenges in loan work environmental due diligence, and risk management.

My colleague Amy Rudegeair, a senior project manager for environmental assessments at Partner Engineering and Science, has co-authored a paper on guidance for best environmental due diligence practices in loan workout situations. To read the full paper,  download the link below.

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