What is an Environmental Report in Commercial Real Estate (And Do You Need One)?

2024-01-09T17:18:16-05:00January 7th, 2017|Categories: Business, Commercial, Hard Money Loans, Investments|Tags: , , , , , , , , |

Many traditional and hard money lenders in Atlanta require an environmental report before they’ll grant someone a commercial loan. The report should show that the property has been examined for environmental contamination. Even if there’s no lender requirement, though it may be a good idea to obtain one anyway, just for your own peace of mind — and for your future buyers’ peace of mind. What is an Environmental Report? An environmental report is an investigation on commercial property to discover if there are any dangerous contaminants. Potential buyers assume the cost of the investigation and it is completed in