Environmental due diligence is a vital part of property acquisitions, loan refinancing, business mergers, and foreclosures. Managing potential environmental risk can aid in protecting investments and ensuring viability of the future resale of a property. There are many examples of environmental issues negatively impacting the development of a property leading to unforeseen costs. REL focuses on assessing and managing environmental risk, providing straight-forward answers and assisting in the closing of transactions.
REL environmental staff have completed thousands of Phase I ESAs and hundreds of Phase II ESAs, site investigations, and remediation projects throughout Wisconsin for a variety of private sector clients, as well as projects involving the Wisconsin Department of Transportation, Bureau of Indian Affairs, Small Business Administration, WDNR, and U.S. EPA projects. Our expertise has not gone unnoticed, as we have been recognized as the preferred due diligence provider for many financial institutions. REL staff has successfully assisted in closing many transactions on properties with environmental issues.
All due diligence work will be conducted in accordance with applicable American Society for Testing and Materials (ASTM) standards. Similarly, all investigative work will be conducted in accordance with applicable WDNR standards and guidance.
Environmental Due Diligence Services
- Free Property Review Consultations on Potential Projects.
- Record Search with Risk Assessment (RSRA) reports
- Transaction Screens (ASTM E 1528-14)
- Phase I Environmental Site Assessments (ESAs)
- Pre-construction Corridor Studies for utility construction projects.
- Training seminars on identification and evaluation of environmental risk
- Third-party review of environmental reports
- Phase II ESAs
- Soil sampling
- Groundwater sampling
- Vapor sampling
Note: REL owns a Geoprobe drill rig enabling fast response times in completing Phase II ESAs.
SBA Environmental Investigations
REL staff are knowledgeable of SBA environmental investigation standard operating procedure and have completed many SBA funded due diligence projects. REL offers free SBA SOP training seminars.
Lender Liability Exemptions
REL has successfully obtained lender liability exemptions for properties in the foreclosure process throughout Wisconsin.
Voluntary Party Liability Exemptions
REL has worked with prospective purchasers on the Voluntary Party Liability Exemption (VPLE) process.