Environmental contamination can threaten loan repayment. The presence of contamination will affect the value of the property and the ability of the borrower to repay the loan. The measure of the impact will depend on the nature, time, and cost associated with the problem.
Failing to observe conditions at the asset can lead to unexpected problems for the lender. The Office of the Comptroller of the Currency (OCC) has published a revised version of the Commercial Real Estate Handbook in 2013. The requirements for the banks’ monitorying of environmental risk have changed significantly. I’m going to discuss some key points from the OCC CRE Handbook’s advisory to banks dealing with contaminated collateral.
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May 12, 2025
Survey Insights into the Construction Industry’s Response to Tariffs By Robert W. Barone, R.A., LEED AP, Director of Construction Services at Partner Engineering and Science, Inc. | Published May 12th, […]
May 05, 2025
Bolstered by limited supply and a light construction pipeline, retail real estate is performing well and is expected to continue to perform through 2025. The industry is experiencing low vacancy and high rent spreads that are contributing to positive outcomes.
May 09, 2025
CHICAGO, IL – Partner Engineering and Science, Inc. is pleased to welcome Justin Arias to the position of Director based out of Chicago, Illinois l Mr. Arias brings over a decade of leadership experience to this role and a focus on operational management and organizational leadership.
