Transaction Screen Environmental Site Assessment
Hillmann Consulting, LLC conducts a Transaction Screen Environmental Site Assessment as the minimal level of environmental due diligence that is typically utilized for assessment of real estate. This service is appropriate for real estate transactions that involve smaller loans for which the lender or borrower is unable to bear the cost of a Phase I Environmental Site Assessment (ESA), or in the event that a Phase I ESA is not warranted because a high level of scrutiny is not imperative.
Conducting a Transaction Screen ESA is a three step process that includes the use of a questionnaire to gather information about the subject property from owners and occupants. We will investigate and inquire about the previous and current property uses that may trigger an environmental concern, we will review limited government and historical records to review and identify known contamination incidents on the subject property and/or adjoining/adjacent properties, and we will conduct a physical property inspection for evidence of potential environmental concerns. A brief letter report is prepared summarizing the findings and conclusions of the assessment
A comprehensive Transaction Screen ESA will conclude whether or not potential environmental concerns have been identified. Recommendations for further investigations will be made as warranted to address the identified concerns.