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.
October 12, 2023
Increased Data Collection Will Be Required for PCAs and SRAs By Drew H. McCreery | Published October 12, 2023, on GlobeSt.com The agency lending space is buzzing with questions about […]
September 18, 2023
By gathering key property data and providing proper documentation to insurers, CRE owners may be able to secure reduced premiums and/or coverage for properties in high-risk areas. Published in Summit, […]
September 14, 2023
Managing a multifamily property entails a continuous commitment to its upkeep and enhancement. In the realm of FHA-insured multifamily properties, a pivotal milestone is the 10-year mark, when an updated […]
