Phase 1 Environmental Assessments, Transaction Screening, Records Review With Risk Assessment, and Phase 2 Limited Site Investigations for MN, WI & IA bank

Caltha LLP Project Summary

Project: Phase 1 Environmental Assessments, Transaction Screening, Records Review With Risk Assessment, and Phase 2 Limited Site Investigations
Client: Regional Bank
Location(s): Minnesota, Wisconsin, Iowa

Key Elements: Phase I Environmental Review, Transaction Screening, RSRA, Phase II Studies

Overview: Caltha is a preferred provider of environmental due diligence services to this regional bank. Caltha preforms numerous Phase 1 ESA (ASTM E 1527), Transaction Screens (ASTM E1528) and Records Review With Risk Assessment (RSRA) for the multiple branches of the bank each year. Many of these assessments are conducted to meet environmental review requirements of the US Small Business Administration (SBA) which also require a SBA Reliance Letter. Depending on the results of the preliminary screening assessments, Caltha also performs Phase 2 Environmental Site Investigations and advises the bank on potential lender liability protections available through State agencies.

For more information on Caltha LLP services, go to the Caltha Contact Page

Caltha LLP assists Sellers, prospective Buyers and their Lenders in meeting Due Diligence, Environmental Site Assessment and Environmental Review requirements. To request a quote on-line, go to Caltha Environmental Assessment Quote Web Page.

For further information contact Caltha LLP at info@calthacompany.com or Caltha LLP Website

Phase II Environmental Investigation of Gas Station in Minneapolis - St Paul Metro Area

Caltha LLP Project Summary

Project: Phase II Limited Site Investigation at Gas Station
Client: Regional Bank
Location(s): Minnesota

Key Elements: Soil and Groundwater Investigation

Overview: Caltha LLP was retained by a prospective lender to conduct a soil and groundwater investigation for this gas station located in Minnetonka, Minnesota. The investigation was required under internal bank policies which prescribed a site investigation be conducted prior to issuing loans on any current or former gas station properties. The gas station had been in business for many years and had previously reported leaking tanks; the LUST site had been cleaned up and closed, but it was anticipated that the Phase 2 may encounter residual contamination which had been allowed to remain on-site at the time the LUST was closed. As expected, some petroleum impacted soil was found at the site, but it could be determined that additional no releases had occurred since the previous LUST was closed. The bank was able to use the results of the investigation to determine that risks associated with the gas station had been addressed and the bank was able to enter into a loan agreement with a new buyer.

For more information on Caltha LLP services, go to the Caltha Contact Page

Caltha LLP assists Sellers, prospective Buyers and their Lenders in meeting Due Diligence, Environmental Site Assessment and Environmental Review requirements. To request a quote on-line, go to Caltha Environmental Assessment Quote Web Page.

For further information contact Caltha LLP at info@calthacompany.com or Caltha LLP Website

Phase 1 Environmental Assessment and Compliance Review For Racine, WI Facilities

Caltha LLP Project Summary

Project: Environmental Due Diligence, Phase 1 ESA and Compliance Assessment For Operations Near Racine, Wisconsin
Client: Real Estate Holding Company
Location(s): Wisconsin

Key Elements: Pre-acquisition Due Diligence, Phase I Environmental Assessment, Permit Review

Overview: Caltha was retained by this Real Estate Holding Company to conduct environmental due diligence of three properties located near Racine, Wisconsin they intended to acquire and continue to operate. Caltha staff conducted a Phase 1 ESA in accordance with ASTM standard practice E 1527-05. The ESA was augmented with a review of business risks associated with the acquisition and operation of these three existing businesses. Although no Recognized Environmental Conditions were identified, several business risks were revealed, including lack of spill prevention and control measures required under Federal rules, and lack of a State air emission permit for certain VOC emitting sources. Caltha recommended that both deficiencies be addressed prior to closing.

For more information on Caltha LLP services, go to the Caltha Contact Page

Caltha LLP assists Sellers, prospective Buyers and their Lenders in meeting Due Diligence, Environmental Site Assessment and Environmental Review requirements. To request a quote on-line, go to Caltha Environmental Assessment Quote Web Page.

For further information contact Caltha LLP at info@calthacompany.com or Caltha LLP Website