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THE BEST WAY TO GET STARTED ON ENVIRONMENTAL INVESTIGATIONS

ENVIRONMENTAL INSPECTION

THE BEST WAY TO GET STARTED ON ENVIRONMENTAL INVESTIGATIONS

For small-balance lenders, completing an Environmental Survey is typically the first step in investigating environmental conditions on a commercial loan. The Boxwood Means on-site environmental inspection serves as a fundamental, preliminary environmental due diligence tool for most small balance commercial loans — from loan origination through portfolio monitoring and credit review.

Boxwood Means takes real pride in the property valuation and risk assessment services it provides to lenders serving Main Street businesses. Our environmental inspection gives small-balance lenders a current, on-the-ground, and hands-on inspection that identifies any present or past environmentally risky operations at the facility or site that may have contaminated the property.

The Boxwood Means Environmental Survey also works as a natural complement to an environmental professional's desktop governmental records search of the subject and nearby properties — and the two are often bundled together as part of a broader commercial property due diligence workflow.

THE LENDER’S OPPORTUNITY

Lenders who use a structured, preliminary environmental screening at loan origination can significantly reduce the cost, effort, and time of commercial property due diligence — without compromising their collateral risk assessment.

Here is how a two-stage environmental due diligence process works in practice for small balance commercial loans:

A Boxwood Means Environmental Survey and site visit are completed at the outset. When the survey indicates that contamination is unlikely and no further investigation is warranted, lenders can rely on it as a standalone screening tool — retained in the loan file — and defer more comprehensive environmental due diligence.

When loan characteristics, property use, or other circumstances warrant further investigation, the completed Environmental Survey must accompany additional desktop environmental reports — at minimum, a Records Search with Risk Assessment (RSRA) prepared by an independent environmental professional.

the lender's environmental due diligence opportunity
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For most small balance commercial loans, the Boxwood Means environmental inspection is the most practical way to preliminarily screen properties as part of responsible commercial real estate due diligence at loan origination.

WHY USE BOXWOOD’S ENVIRONMENTAL INSPECTION?

Small-balance lenders — from community banks and credit unions to non-bank lenders — have compelling reasons to choose the Boxwood Means environmental inspection:

  • Boxwood Means is the domain expert in valuations, research, and collateral risk assessment across the small balance commercial loan space.
  • Splitting the environmental due diligence process — starting with a Boxwood Means inspection or Environmental Survey — saves lenders time, effort, and money, and lets bank and non-bank loan officers reclaim hours otherwise spent doing this fieldwork themselves.
  • The Boxwood Means Environmental Survey meets the environmental due diligence requirements of major commercial lending guidelines, including interagency appraisal and evaluation guidelines applicable to small balance commercial loans.
  • Boxwood Means gives small-balance lenders flexibility in the length and composition of the environmental inspection form.
  • Boxwood Means conducts over 6,000 property inspections a year; its certified inspectors are skilled at observing reasonably ascertainable site conditions and questioning owners and occupants.
  • The Boxwood Means ordering platform makes submitting, changing, and tracking orders simple, and integrates easily with third-party procurement systems.
  • Boxwood Means can seamlessly bundle and deliver its environmental inspection with desktop governmental records search products from other vendors.
why use boxwood environmental qestionaire

Count on Boxwood Means to meet your environmental due diligence requirements promptly, cost-effectively, and in accordance with applicable commercial lending standards. Contact us today about your specific needs or to request a sample report.

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