Over the years, environmental issues requiring mitigation before a CMBS conduit loan can close have declined. However, one issue related to dry cleaners still surfaces from time to time. Properties identified as having a current or former dry cleaner that performs or historically performed “on-site” … [Read more...] about 5.25.18: Dry Cleaners Can Be an Environmental Concern in CMBS
8.23.13: Changes Around the Corner for Environmental Site Assessments
Nearly all CMBS lenders obtain a Phase I Environmental Site Assessment report as part of the property diligence process. EMG, an industry leader in delivering Phase I Environmental Assessments and a member of the ASTM E50 Committee, reports that the committee is currently finalizing changes to the … [Read more...] about 8.23.13: Changes Around the Corner for Environmental Site Assessments