Do you always need an environmental??

[Oren K.]

On another thread, a few hours ago, I wrote that with commercial properties, almost always, lenders demand at least a Phase 1 as part of the terms of the loan. After thinking about this, I am not certain this is correct and BP would be a great place to find out.

As a lender, when do you make an environmental assessments a condition of the loan?

As a borrower on commercial property, when haven't you been asked for an environmental assessment?