Environmental Exposures and Lender Concerns

Environmental Assessments (cont.) Example of non-scope issues might include: i. Bank financing commercial development on property that will require Corps 404 wetland permit to initiate construction. ii. Buyer of office buildings calculation of reconstruction/remodeling costs may vary materially on the amount of friable asbestos present. iii. Buyer/Lessor of multi-family apartment complex is attempting to budget for repairs that may be driven by water intrusion/mold issues. 29

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