Phase 1 Environmental
What is the purpose of a Phase 1 Environmental Study?
The purpose of the Phase 1 Environmental Audit is to determine if "Recognized Environmental Conditions" exist at a subject property. The following definition of Recognized Environmental Conditions is from the ASTM Standard for Phase I Environmental Site Assessments.
In defining a standard of good commercial and customary practice for conducting an environmental site assessment of a parcel of property, the goal of the processes established by this practice is to identify recognized environmental conditions. The term recognized environmental conditions per the ASTM Standard E-1527-05 means the presence or likely presence of any hazardous substances or petroleum products on a property under conditions that indicate an existing release, a past release, or a material threat of a release of any hazardous substances or petroleum products into structures on the property or into the ground, ground water, or surface water of the property. The term includes hazardous substances or petroleum products even under conditions in compliance with laws. The term is not intended to include de minimis conditions that generally do not present a threat to human health or the environment and that generally would not be the subject of an enforcement action if brought to the attention of appropriate governmental agencies. Conditions determined to be de minimis are not recognized environmental conditions.
AAI Environmental Corporation
Our Phase 1 Environmental reports have been universally accepted by lenders. All of our environmental site assessments are fully insured and certified.
SBA Loan Environmental Due Diligence Reports
AAI also has extensive experience in performing Environmental Due Diligence reports for Small Business Administration (SBA) loans for a variety of properties, including: gas stations, retail centers, commercial properties and industrial properties. AAI includes the reliance letter required by the SBA for free. The SBA's Standard Operating Procedures (SOP 50-10(5)) for 7A and 504 loans that went into effect in August of 2008 are essential for approval of your loan application. These new procedures have specific standards that must be adhered to for certain industries with potential for environmental liabilities. AAI Environmental will make sure your due diligence reports adhere to these requirements. Otherwise, your loan could be rejected. When applying for a commercial mortgage, hiring a consultant with experience in conducting these environmental reports is important for your new or existing business venture.
AAI has extensive experience in conducting Phase 1 Environmental Site Assessments on service stations, dry cleaners, industrial properties, retail centers, auto repair facilities, agricultural properties, office buildings and residential properties throughout North America, including Canada and Mexico. We bring a vast amount of project experience in conducting environmental assessments. This experience is invaluable for making the correct evaluation of potential issues on properties. Good judgment comes with experience.
Lender-approved and trusted, AAI Environmental Corporation's Phase 1 Environmental Site Assessment reports have been universally-accepted in every state in the union. Fast, accurate, economical and fully-insured reports are certified by an EPA-compliant "Environmental Professional."
Phase 1 Environmental consulting, as well as, Phase 2 and 3 Environmental Site Assessments.
Phase 1 Environmental News
A new ASTM standard E-1527-13 Standard Practice for Environmental Site Assessments: Phase I Environmental Site Assessment Process went into affect as of December 31, 2013.
Phase One Environmental Consultants
AAI Environmental Corporation is also one of the nation's leaders in due diligence and NEPA reporting for proposed cellular, radio and television broadcast towers.