The Transaction Screen assessment is a cursory review of the property to identify potential for environmental impairment. When used appropriately, this practice can provide beneficial property information without the expense of conducting a complete Phase I Environmental Site Assessment.

The Transaction Screen is especially beneficial for lenders, individuals considering properties for purchases, property trust managers, and individuals conducting business transactions without the involvement of a financial institution. The Transaction Screen quickly and affordably provides all involved parties with general property information to mitigate concerns regarding potential environmental impairment.

The Transaction Screen includes the following:

• Site Visit

  • Inspection by an experienced inspector

  • Document the presence of hazardous materials or petroleum products

  • Owner / occupant interview and questionnaire

• Limited historical search

• Regulatory database review

  • Fire department

  • State environmental agencies

  • Federal environmental agencies

• Preparation of a report documenting the findings, conclusions and recommendations

• In the event potential for recognized environmental conditions is identified, a significant portion of a Phase I ESA has been completed and a full Phase I can be prepared at a substantially lower cost.