A Phase 1 Environmental Site Assessment (Phase 1 ESA) is an investigation of a property’s current and historical use. The process views and investigates a property in regards to former use in order to determine if there is a potential for hazardous environmental conditions which might be present on the property. Typically, a Phase 1 environmental study involves an on-site inspection by an environmental firm with detailed photography to document conditions. It also reviews records for information about past ownership and uses, and determines if any of them were likely involved hazardous materials.
Lenders require a Phase 1 Environmental Site Assessment for all properties that are greater than 4 units. 100% of the time, lenders will require a Phase 1 environmental study for commercial properties. For multifamily properties – it can go either way. A Phase 1 ESA interviews with past and present building occupants, and with owners of neighboring properties are also conducted to validate past uses. A Phase 1 ESA does not involve any testing of things like paint, soil, or moisture, though a visual inspection may indicate the presence of hazardous materials.
Our Environmental Firm offers complete, thorough and expedited Phase 1 ESA and consulting that is uniquely tailored to real estate developers. Our Phase 1 environmental studies are performed by certified environmental professionals (EP) who are predominantly looking for indications of hazardous materials or other signs of conditions which would impact the health and safety of the area due to contaminants or hazardous conditions. Our goal is to provide you with a simple process that keeps you involved & informed throughout the process. When looking at Phase 1 Environmental Site Assessment companies, you won’t find a simpler choice than Essel Environmental.
Speak with one of our friendly client representatives today to discuss your needs and how we can quickly and efficiently meet them. Call us at 1 (800) 595-7616 or use our quick and easy to fill out contact form. We are here to serve you!