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Phase I - Environmental Site Assessments:
PM Environmental completes comprehensive Environmental Site Assessments (ESA) in accordance with the American Society for Testing and Materials (ASTM) Standard for Environmental Site Assessments: Phase I Environmental Site Assessment, for real estate transactions, property development, zoning, bank financing, re-financing, and foreclosures, and other in-house proactive audit programs.
The purpose of the 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 effect claim to an “innocent land owner” exemption following acquisition.
Services include:
- Completed to ASTM 1527-2005 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.
- Review of Standard Environmental Record Sources from Local, State, and Federal Agencies within ASTM Approximate Minimum Search Distances.
- On-Site Reconnaissance for a Standard Phase I ESA.
- Visual Inspection for the purpose of Identifying Suspect Asbestos Containing Materials (ACMs).
- Personal interviews with appropriate Government and Private Sector Sources of Information are conducted during our Phase I ESA process.
- ASTM Recommended Report Format are used for a Phase I ESA.
- Strict Client confidentiality.
- 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.
- Use of PARCEL for multiple site portfolios.
- HUD, Fannie Mae/Freddie Mac compliant.
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