Environmental contaminants can open both borrowers and lenders to liability while also decreasing property value. Lenders require environmental due diligence to be performed to limit liability under protections such as CERCLA.
In this American Association of Private Lenders Magazine issue (AAPL), Kathryn Peacock discusses due diligence for lender underwriting, the types of assessments available, and the financial impact of Environmental Contamination.
Click here to read the article.
PDF Link: Making Sense of Environmental Due Diligence – Private Lender Magazine (2023 Q2)