How Facility Operations Can Affect Phase 1 Assessments

A Phase I Environmental Site Assessment (ESA) is a comprehensive report prepared for a real estate holding that identifies potential or existing environmental contamination liabilities. Many commercial and industrial operations are required by financial lenders to complete a Phase I ESA as part of the sale or refinance of the property. An often-overlooked tool that many business owners possess is the ability to complete a Phase I ESA up to a year before the sale of the property, which can save a lot of time and headache down the road!

CMI has been assisting companies in various industries complete Phase l ESAs and reports for many years. In order to promote a more thorough understanding of Phase l ESAs, CMI is pleased to invite you to our Phase l Webinar. 

• What is Phase l ESA, and why is it important?
  • Bank/lender requirements- Due Diligence period
  • Phase I ESA Report Element
  • Recognized Environmental Conditions (RECs) and example
• How Facility Operations can affect the results of a Phase I ES 
  • Identifying RECs in the present to prevent issues with the sale or refinancing of a property in the future
  • Good housekeeping measures to prevent future environmental issues
  • Potential impact to identifying hazards early
• Case Studies