Just curious what people are seeing out in the market; In a commercial property context (industrial, retail, office, even multi-family), is an environmental (at least a phase I) always requested by lenders (conventional or otherwise).Even if the lender does not ask for this, as a investor I can not think of a situation where you would not want to have one.

Or reach out to a local PM or Realtor and a lot of times you will find one that is more than happy to share their lease, or have them on their site fore review.One thing I would outline is what to do incase of environmental issues and who is going to remediate it.

As far as land is concerned, make sure you get a Phase 1 environmental and an ALTA survey as part of your due diligence.

Environmentally sensitive lands?

The only repairs I shy away from are environmental stuff, houses with fire damage and those with any drug residue issues such as a previous meth lab.

Hello I am in Massachusetts and I am trying to find grant money for testing and remediation of environmental hazards.

It's far more analysis than necessary, but we're software geeks and this was a way for us to become intimate with the mathematics of the analysis.On smaller residential properties (1-4units) the {discounted} CoC over the planned hold period of the property is our lead metric - once the thresholds required for purchase & financing are met for all metrics (DC, BER, PI, etc), but this needs to be tempered against many other {not easily quantified} factors: location, state of (dis)repair; can we expand; is their a future higher use for the property.On the commercial buildings (5+ residential or mixed use ... we have yet to venture into retail or office) the CAP rate is more meaningful, along with the CoC, but you still have all the subjective aspects as well: location; opportunity for forced appreciation/performance improvement; financing availability/terms; building age and repair; environmental, etc.So, as Duncan was telling us yesterday ... it's not that simple ;)

A cash deal could maybe do 45 days, but with appraisal, environmental, inspections, title work little tight. 

Aloha,Consider the environmental exposure of a particular property.

But just another factor to consider is (and I don't know the official term but) if it's an environmentally protected area for example if turtles or owls nest there, you may not be able to build at all in those scenarios or will have to pay to have the nests essentially relocated which I heard can cost $5k+ but don't quote me on that.