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Guidance for Environmental Due Diligence in Loan Work Out Situations

Manages risk and federal, state compliance

Would you purchase a non-residential property without setting foot onsite? Probably not. Similarly, it does not make sense for a lending institution to take title to a non-residential property without conducing sufficient due diligence. Given the current economic conditions, lenders are facing many challenges in loan work out environmental due diligence and risk management. 

My colleague Amy Rudegeair, a senior project manager for environmental assessments at Partner Engineering and Science, has co-authored a paper on guidance for best environmental due diligence practices in loan workout situations. To read the full paper,  download the link below.

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