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
August 29, 2024
Sacramento, CA – August 29, 2024 – Partner Engineering and Science, Inc., a leading national firm specializing in environmental and engineering consulting, is pleased to announce that Philip C. Luke, […]
August 29, 2024
Lenders, Buyers, and Sellers Should Know Their Options to Ensure That Environmental Issues Don’t Derail Their CRE Transactions By Wes Skinner, CHMM, Published on August 29, 2024 in GlobeSt.com CMBS […]
August 13, 2024
Los Angeles-based real estate investment, management, and development firm, Cityview, specializes in developing, acquiring, and operating opportunistic and value-added multifamily projects. Cityview creates sustainable housing options in transforming areas – […]
