If you’re looking to acquire a property, you need to know whether it’s contaminated or not.
Navigating through intricate regulations and potential environmental pitfalls can be daunting. That’s precisely where we excel. Our seasoned professionals specialize in comprehensive site assessments.
It’s more than analysis; it gives you the information necessary to know if a property is worth investing in or not.
Solid Ground Environmental is the trusted choice of savvy business professionals seeking clarity in property transactions. Embrace a journey underpinned by expertise and integrity, guiding you towards responsible decisions in a sustainable future.
Quality Environmental Consulting & ESAs in Bloomington, Fort Wayne, Indianapolis, South Bend and More
Local, state, or federal environmental laws can be confusing and hard to find. Solid Ground Environmental will help you understand the important Indiana rules, regulations, and acts applicable to your project. We proudly serve Bloomington, Fort Wayne, Indianapolis, South Bend, Terre Haute and the entire state of Indiana!
Phase I Environmental Site Assessments (ESAs) in Indiana
If you’re purchasing an Indiana property, a Phase I Environmental Site Assessment (ESA) can provide you with information on potential environmental issues with the property. It may also protect you from liability due to unexpected environmental contamination found on the property after the purchase.
If you’re financing a loan, a Phase I ESA can provide you with assurances that the borrower will not have to pay for expensive environmental remediation costs – increasing the risk that the loan will not be paid off.
Record Search & Risk Assessment
The Record Search Risk and Assessment is an environmental due diligence option for low-risk properties described by the United States Environmental Protection Agency Standard Operating Procedures. The RSRA includes an environmental database and a historical review of the property. A letter report is prepared to summarize the findings and makes a determination whether the property is ‘high risk’ or ‘low risk’. If the property is deemed high risk, typically a Phase I ESA is recommended in Indiana.
What Is An Environmental Site Assessment?
In the United States, an environmental site assessment is a report prepared for a property or real estate holding that identifies potential or existing environmental contamination liabilities. This environmental site assessment, often abbreviated as an ESA, typically addresses both the underlying land as well as physical improvements to the property.
The main intent of a professionally performed ESA report is to assess if current or historical property uses have impacted the soil or groundwater beneath the property and could pose a threat to the environment and/or human health. If these environmental issues are found, it presents a potential liability for the lender and/or owner, as well as affecting the value of the property.
A Phase I ESA completed prior to the closure of a real estate transaction can be used to satisfy the requirements of CERCLA’s (Comprehensive Environmental Response, Compensation and Liability Act) innocent landowner defense under All Appropriate Inquiries (AAI). Our team is professionally trained & experienced in performing detailed ESAs (Environmental Site Assessments) in Bloomington, Fort Wayne, Indianapolis, South Bend, Terre Haute and throughout the entire state of Indiana.