Environmental Considerations for Real Estate

In an effort to help finance the significant volume of commercial real estate loans that will mature between now and December 31, 2012, the U.S. Small Business Administration has launched a new, temporary 504 refi program. It appears that the environmental site assessment report requirements for 504 refis mirrors that of the SBAs standard 504 (and 7(a)) programs as outlined under SOP 50 10 5(c). As an environmental assessment consultant, August Mack Environmental has been involved in hundreds envionmental due diligance pojects for SBA loans. It would appear this trend will continue as many of these loans will be coming due in the next few years.