You are here

What is a Phase I Environmental Site Assessment?

Lenders often require a Phase I Environmental Site Assessment before granting mortgage loans for commercial, industrial or multi-family properties. An "environmental professional," such as an engineer or consultant, reviews a Phase I Environmental Database Report, conducts a visual inspection of the subject and adjoining properties and otherwise takes action in order to identify recognized environmental conditions that can incur clean up liability or otherwise pose concerns.

The "all appropriate inquiry" Phase I ESA protocol (ASTM E1527-21) can shield property buyers from federal Superfund clean up liability. Toxics Targeting's Phase I Environmental Database reports have been used to conduct hundreds of thousands of Phase I ESA's across New York and New Jersey.

Our Phase I Environmental Database Reports also can be used by homebuyers, property developers, real estate professionals, appraisers, lawyers, local government authorities, public water suppliers and anyone who wishes to conduct environmental due diligence on a property or area of concern.

Call 800 2 TOXICS (800 286 9427) to learn more.