ENVIRONMENTAL SITE ASSESSMENTS

ALC Environmental can assess various types of properties including multi-family, healthcare, industrial, commercial/retail, public buildings, and undeveloped land.  Our environmental site assessments meet or exceed the standards set by the American Society of Testing and Materials (ASTM) Practice E1527-05.

THE ALC APPROACH TO ESA

Environmental Site Assessments (ESA) are often required by financial lending institutions before backing a commercial loan. New environmental pollution laws created over the past twenty years can transfer costly liability to new owners for contamination done in the past.  Many lending institutions have established the policy of fulfilling the U.S. EPA’s ‘All Appropriate Inquiry’ Final Rule (40 C.F.R. Part 312) by performing a Phase I Environmental Site Assessment.

WHY SHOULD YOU GET AN ESA?

ESA’s also help establish an ‘innocent landowner defense’ under the Superfund Amendments and Reauthorization Act of 1986 (SARA). As a result, this form of real estate due diligence has emerged to protect both the real estate purchaser and the lending institution from any future liability.