Mike Hall

Phase 1 vs. Phase 2 Environmental Site Assessments

Environmental Site Assessments (ESAs) are crucial for anyone involved in acquiring, financing, or refinancing commercial properties. Understanding the nuances of Phase I and Phase II ESAs is imperative for lenders, buyers, and potential property owners to make informed decisions and mitigate risks associated with environmental contamination. Key Takeaways Phase I ESAs are a preliminary, non-intrusive…

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