Help!! Lender requiring demo work asbestos certificate!!

[Holly Scott]

I am currently in the process of getting all the loan stuff situated for my very first fix and flip. We are under contract set to close December 29th. My hard money lender is requiring this demo asbestos work certificate before they'll release our first rehab draw. The house was built in 1974 and has awful popcorn ceiling we plan to remove. My GC said if they do it it's cheaper than abatement, but I am not sure she is qualified to do the certificate. Does anyone know about this requirement, what it entails and how much added cost I could be looking at? I was talking with another lender who did not require this, but I informed him a week ago we were Going with this other lender cause they're a bit cheaper. I don't think he was too thrilled and now am concerned switching lenders again/back may be a bad idea.

[Wendy Palmer]

Do NOT let a contractor remove asbestos if they are not specifically licensed for Asbestos removal!!! It is illegal.