Phase I Environmental Site Assessments
Phase I ESA
Phase I ESAs are an integral part of the environmental due diligence and decision-making process. Phase Is are typically required by lenders or purchasers to identify whether there is a potential for contamination or other conditions that may affect property values, pose a legal or financial liability, or affect the ability of the borrower to repay a loan obligation. Clients may also obtain a Phase I ESA in order to satisfy requirements of the “innocent landowner defense”, or liability against responsibility for a cleanup project.
AEI’s Phase I ESA meets the most current ASTM Standard and can be customized to meet your unique needs. Our team of experienced and reliable professionals provide high quality reports for any site location or asset type.
Limited Environmental Due Diligence Assessments
Environmental Transaction Screen (ETS)
An ETS is the most basic assessment, often ordered to meet ASTM 1528-06 Standard Practice for Limited Environmental Due Diligence: Transaction Screen Process.
Limited Environmental Site Assessment (LESA)
A LESA is a more comprehensive assessment than an ETS, and the scope of work is usually customized to include certain components of ASTM Standard Practice E1527.
Record Search with Risk Assessment (RSRA)
The RSRA is an inexpensive evaluation of Environmental Risk Level of a subject property as either being a “high or elevated-risk” or “low risk” for contamination. After regulatory and historical research review, the environmental professional will determine risk level which will determine if further investigation is recommended.
Custom due diligence Scope Investigation
Due Diligence Assessment scopes vary from lender to lender. AEI Consultants offers custom scope investigations to our clients.