Environmental Transaction Screen Assessment

Environmental Transaction Screen Assessment

An Environmental Transaction Screen Assessment is the same report as a Transaction Screen or Transaction Screen Review.  To sum up, these are light due diligence reports for property loans. In fact, the Small Business Administration (SBA) has prerequisites for property screening at low risk sites, which include an Environmental Transaction Screen Assessment.

Your Transaction Screen Assessment and Other Options

An Environmental Transaction Screen Assessment should not be confused with a Phase I Site Assessment Report. However, it is one of the many types of Limited Environmental Due Diligence Reports.  Nevertheless, it helps evaluate environmental risk. The SBA Program requires a Transaction Screen Assessment for 7(a) and 504 loans on low risk properties. Otherwise, a Phase 1 Environmental Site Assessment will be required.

A Environmental Transaction Screen can include a job site inspections. Although it is typically a review of available records and property history.

Scope of an Environmental Transaction Screen Assessment

On one hand, most lenders require an Environmental Transaction Screen Assessment for low risk properties. On the other hand, lenders typically require a Phase 1 ESA for higher risk properties. For example, an apartment complex adjacent to a gasoline station will require a Transaction Screen Assessment. However, the gasoline station itself will require a Phase 1 Environmental Site Assessment.

A full scope Phase I Site Assessment Report meets the EPA’s All Appropriate Inquiry requirement, and offers innocent landowner liability protection.  Although, an Environmental Transaction Screen Assessment does not.

Environmental Transaction Screen Assessment low risk

© Creative Commons Zero (CC0) Environmental Transaction Screen Assessment on Low Risk Site

Also See

Geo Forward, Inc. SBA Transaction Screen Assessment

Forward-Thinking Geologists, Engineers & Contractors