Phase I Environmental

HB NEXT offers comprehensive Environmental Site Assessments (ESA) in accordance with the (1) United States Environmental Protection Agency (USEPA) Standards and Practices for All Appropriate Inquiries {(AAI), 40 CFR Part 312} and (2) guidelines established by the American Society for Testing and Materials (ASTM) in the Standard Practice for Environmental Site Assessments.

Phase I Environmental Site Assessment Process / Designation E 1527-05/13 (ASTM Standard Practice E 1527-05/13): Phase I Environmental Site Assessment, for real estate transactions, property development, bank financing, re-financing, and foreclosures, and other in-house proactive audit programs.

The purpose of a Phase I Environmental Site Assessment is to gather sufficient information to develop an independent professional opinion about the environmental condition of the property and to identify actual or potential environmental contamination, which may impact the property value or affect claim to an “innocent land owner” exemption following acquisition.

Assessment includes:

  • Completed to ASTM 1527-2005/2013 standard satisfying All Appropriate Inquiry
  • Executive Summary, Clear Scope of Work, and Provision of Supporting Documentation and Sources Checked are included in the Phase I ESA
  • In-house research department with extensive archive of historical information
  • On-Site reconnaissance for a standard Phase I ESA with in-depth interviews of knowledgeable site contacts
  • Interviews with appropriate Government and Private Sector Sources of Information
  • Review of standard environmental record sources from local, state, and federal agencies within ASTM approximate minimum search distances
  • Regular updates for all stakeholders during process
  • Strict client confidentiality
  • Clear summary of Recognized Environmental Conditions (RECs)
  • Incorporation of specific lender requirements for issuance or reliance language for the purposes of making loan decisions.
  • If conditions warrant additional investigation, a written Phase II Environmental Site Assessment proposal describing means for identifying and characterizing environmental contamination revealed during a Phase I ESA will be prepared upon request
  • HUD, Fannie Mae/Freddie Mac compliant
  • Use of PARCEL for multiple site portfolios
  • Visual inspection for the purpose of identifying suspect Asbestos Containing Materials (ACMs).
  • Vapor Encroachment Condition (VEC) screening available upon request in accordance with ASTM Standard 2600-10.

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