Environmental Transaction Screen Assessment

What is an 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. Updated August 16, 2019.

Transaction Screen Assessment Reports & The 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.

Environmental Survey Questionnaire

Scope of the TSA

A Phase 1 ESA  is usually the starting requirement for higher-risk properties, such as gas stations and car washes. Similarly, lenders typically require an Environmental Transaction Screen Assessment on lower-risk properties. For example, an apartment complex that is adjacent to a gasoline station, or a commercial lot nearby a dry cleaner.

A full scope Phase I Environmental Site Assessment Report meets the EPA’s All Appropriate Inquiry requirement, and offers innocent landowner liability protection. On the other hand, a TSA report does not.

Environmental Transaction Screen Assessment low risk

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

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