New Contamination Rate Data Could Help Banks Better Assess Environmental Risk
By Kathryn Peacock, Principal, Partner Engineering and Science, Inc.
Originally Published in The RMA Journal
The RMA Journal – Oct/Nov 2024
Kathryn Peacock’s article, featured in the October/November 2024 issue of The RMA Journal, examines how the Environmental Bankers Association’s (EBA) latest study on contamination discovery rates (CDRs) can help lenders better evaluate environmental risks. These rates offer critical insights into the frequency and cost of contamination across various property types.
The study’s findings provide lenders with a valuable tool to assess environmental risk, make informed decisions about environmental testing, and better manage potential challenges associated with maturing commercial real estate loans. From the costs of Phase I and II ESAs to insights on contamination by property type, the article highlights how lenders can use this data to navigate the complexities of refinancing, extensions, and foreclosures in today’s commercial real estate landscape.
[ Click here ] to read the PDF of the full RMA Journal article.
