• LaBella Associates

5 Things Commercial Lenders Should Know About the New ASTM Phase I Standard

Updated: Apr 26

The new version of ASTM E1527 Standard Practice for Phase I Environmental Site Assessments (ESAs) was published in November 2021. This standard outlines the process that environmental consultants follow when conducting Phase I ESAs to assess the environmental risk associated with real estate.

As the updated standard has included several changes to the previous 2013 Standard, LaBella would like to provide you with what we consider to be the top five differences in the standard that could affect commercial real estate lending. Read about them by clicking here.