FSE has conducted over 150 Environmental Site Assessments for commercial properties in accordance with the American Society for Testing and Materials (ASTM) Standard Practices for “Environmental Site Assessments” and “Limited Environmental Due Diligence” (Designation: E 1527-05 and E 1528-06).
The purpose of this transaction screen process is to assess the potential for identifying any recognized environmental conditions at the property, including among others, lead paint, asbestos containing materials, and petroleum products. The assessments have been conducted at various types of properties throughout Connecticut, Maine, Massachusetts, New Hampshire, and Rhode Island. These properties have included among others, boarding houses, multi-family residential units, commercial units, and multi-use units.
The site assessment process consists of interviewing parties with knowledge of the property, conducting site inspections, and conducting limited research regarding certain government records and certain standard historical sources. Reports summarizing the findings are submitted to the lending institution. If conclusions indicate that further investigations are required, FSE provides follow-up assessment services upon the approval of the lending institution.