Assessments

Rapid, Affordable … Environmental Screen

Rapid, Affordable … Environmental Screen

In 2017, to meet the needs of ERI’s clients for a rapid, cost-effective environmental review for smaller commercial loans, ERI developed the Environmental Screen.  Six years later, due to demand by several clients for an enhanced version of our original...

COVID-19 and Phase I Limitations

COVID-19 and Phase I Limitations

COVID-19 has affected our world in so many ways, including how environmental assessments are completed. The Phase I Environmental Site Assessment (ESA) process, as described in the American Society for Testing and Materials (ASTM) E 1527 Standard Practice for Phase I...

Considering Lending on a Dry Cleaner?

Considering Lending on a Dry Cleaner?

Perchloroethylene (PCE), a chlorinated solvent, has been used in the dry-cleaning industry since the 1930s. A small amount of this “likely human carcinogen” released to the subsurface can impact soil and groundwater, and migration of vapors associated with a release...

SBA Gas Station Loans

SBA Gas Station Loans

In order to identify and mitigate the environmental risks associated with gas station loans, the U.S. Small Business Administration (SBA) has developed guidelines that loan applicants must follow during the application process. The SBA requires that the Environmental...