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To protect themselves from potential environmental liability, commercial lenders need to understand not only as much as they can about the borrower but also about the property in play. By performing due diligence lenders can understand known or potential contamination liabilities, related concerns (i.e., price/valuation, marketability, etc.), and reputational risks associated with owning or foreclosing on contaminated property—before finalizing lending or foreclosure decisions.
Join LaBella Associates and Harter Secrest & Emery LLP for a complimentary webinar that examines the world of environmental due diligence and provides insight on potential liability exposure and strategic considerations for lenders.
- Description of Phase I Environmental Site Assessments (ESA)
- Practical and legal reasons to require a Phase I ESA
- Pre-loan due diligence best practices
- Cleanup liability and defenses to liability under certain state and federal laws
- Lender liability exemptions and actions to maintain liability protections
- Foreclosure considerations
- Property divestiture after foreclosure
- Case study examples
VP, Environmental Operations Manager
Business Development Specialist