Series 11 – Refinancing the Contaminated Property

Jun 4, 2020

This is the eleventh in a series of light, short and visual talks on taking control of environmental-risk concerns that haunt otherwise lucrative transactions in commercial and industrial properties, and even residences.

The wise say that getting the pearl takes diving and…, holding the breath long, that risks should be taken but…, calculated. The devil, they say, is in the details.

Here is a case of a commercial plaza that needed refinancing and the lender declined because groundwater underneath was contaminated with dry-cleaning solvents emanating far across a long intersection. It took some doing to demonstrate clear separation between past activities on the property and the contamination underneath.

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