Environmental Site Assessments (Phase I)

An Environmental Site Assessment (ESA), also known as Phase I Site Assessment, is a "due diligence" study of a particular site which is usually required by lending institutions or current property owners. An ESA is needed to identify potential environmental concerns on properties which may be used as "collateral" for loans or has been under a leased agreement by a third party. The objective of an ESA is to identify obvious, actual and potential through visual observation, aerial photographs, historical review, review of regulatory agency information and the presence of absence of asbestos containing building materials.