We have co-authored an article for the summer edition of CRE Finance World about the importance of remedial cost estimates as a quantitative framework for assessing environmental risk tranches. This is particularly important for securing CMBS loans, which rely on ratings agency asset valuation for investment grade bonds. There has been an increase in the number of CMBS deals forgoing a Phase II ESA in lieu of alternative options such as a holdback or environmental insurance. A remedial cost estimate allows all stakeholders to better assess the potential risk scenarios of environmental contamination on a site, and streamline the securitization process through reduced subjectivity.
To read the full article and what that potential remedial cost estimate would look like, please download the PDF below
April 28, 2025
Thomas Haw MRICS, Senior Surveyor, London, UK, Partner ESI shares a recent experience while representing represent Partner in Nepal, Japan, and China on a two-week-long trip undertaking Property Condition Assessments (PCAs) on a variety of commercial and residential properties.
April 22, 2025
Lessons from the Field: How Lenders Can Spot Trouble Early and Protect Their Investment By Kyle Gustafson, National Client Manager, Partner Engineering and Science, Inc.; and Mark Petit, SVP, Operations […]
February 19, 2025
Fannie Mae recently issued updated guidance regarding problematic materials that could significantly impact the results and findings within a Fannie Mae Scope Property Condition Assessment (PCA).
