Wednesday, September 25, 2013 12:00 AM

OCC - Updated CREL Manual...New Environmental Requirements


By: Joe Berlin, PE, CP and Judd Olson, EP
Tags: None


Environmental Risk Management More Prominent  In August 2013, the OCC issued a revised “Commercial Real Estate Lending” (CREL) Handbook booklet replacing prior versions.  The CREL vastly expands prior guidance, including reference to integration of an effective environmental risk management (ERM) program with appraisals. Some interesting aspects of applicability of the regulation: ·        Loans guaranteed or insured by the federal government, i .... More

Wednesday, September 25, 2013 12:00 AM

Gas Transactions: A New Lending Opportunity?


By: Joseph Berlin, PE, CP and Jeff Kenneweg, EP
Tags: None


Gas Station Transactions: A New Lending Opportunity? As the economy strengthens some lending sectors are now becoming quite strong. However, one sector (i.e. gas stations and convenience stores (C-store)) lags well behind and has few active lenders. Even those lenders that may be active in this market avoid much of the market and often for the same reason, environmental issues. However, we have seen a few lenders assessing the market and even lending on some of the more "environmentally at r .... More

Monday, September 30, 2013 12:00 AM

Uncertain Status for Proposed EPA "All Appropriate Inquiry" Rule and ASTM E1527


By: Joseph Berlin, PE, EP, CP and Jeff Kenneweg, EP
Tags: None


Uncertain Status for Proposed EPA “All Appropriate Inquiry” Rule and ASTM E1527 The current ASTM standard for Phase I Environmental Site Assessments (ESAs), ASTM E1527-05, was last updated in 2005. As is required by ASTM International, all of its standards must be updated at least every eight (8) years or they automatically sunset.  Work on updating E1527-05 has been on-going for the past two years and the new Phase I ESA standard (E1527-13) is just about ready to roll out.  The E15 .... More

   

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