🚧 Phase I Environmental Site Assessment Explained 📋

By: Bill Rapp - Commercial & Residential Mortgage Broker

Published on: 25/10/2024

If you’re thinking about buying land for a development project, there’s a crucial step you can’t afford to skip—a Phase I Environmental Site Assessment (ESA). This due diligence process is all about identifying any potential environmental risks that could impact the value of the property or, worse, pose a threat to human health and the environment. 🌎 Let’s break down what a Phase I ESA involves and why it’s a must-do for anyone in the real estate game. 👇