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Phase I and II Assessments are often required by financial lenders prior to funding a commercial loan. Strict pollution laws introduced during the past 20 years have led to a rise in costly liability risks for buyers, even if the contaminants were released years before the purchase.
RGA specializes in assessments of all types of properties - multi-family, health facilities, industrial, commercial/retail, public buildings and undeveloped land. For Phase I assessments, we thoroughly examine potential acquisitions for pollution liability and conduct extensive research. This background work enables us to give our clients accurate and up-to-date reports on property conditions. Meeting or exceeding ASTM standards, our reports can be tailored to meet each lender or buyer’s requirements. Additionally, we are experienced at a wide range of testing protocols for banks and insurance companies.
RGA is also a specialist in Phase II assessments. Our Registered Geologists and field technicians have considerable experience in assessing underground and surface contaminants. Working closely with clients and government regulators, we conduct all phases of work from initial investigation and testing, through remedial design and management, to monitoring and site closure.
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