Skip to main content

More Lenders Requiring Innovative Remediation Solutions

Requirements to utilize more innovative, out-of-the-box solutions to address contaminated properties

When dealing with contaminated properties in residential and commercial settings, many developers are leveraging the cleanup process not just to achieve site closure, but also to improve the property value. The trend in property remediation has gone from simply covering up the problem or blocking it off to a more organic and visually appealing way of dealing with contamination. From an environmental perspective, the main concern is to perform all of the actions required in the Remedial Action Plan. For owners and lenders, there is more of a long term benefit in improving the final appearance of the property and its perception within the community.

Continue reading the GlobeSt blog here.