What potential environmental liabilities would you inherit from this property?

here are the relevant lines: GRANTOR, in consideration of the promises made herein, hereby grants anddemises to GRANTEE and its authorized agents the right and privilege to enter thePROPERTY for purposes of Conducting an environmental and geotechnical analysis andcontour survey over and across the PROPERTY in connection with the PROJECT.

Engineering environmental assessments, development cost charges, (don't forget landscaping!)

They'll find a cricket or lizard and have to do 5 year environmental study first.

Some possible examples are: environmental liens, municipal liens, tax liens, etc. 

The appraisals and environmental studies are expensive and time consuming.

Here is what is need:COMMERCIAL LOAN SUBMISSION CHECK LIST: # Item Received Comment1 Project/Property Description Overview2 Pictures & Map of the Property3 Preliminary Title Report (if available)4 Copy of Purchase and Sale Agreement (if applicable)5 Executive Summaries6 Use of proceeds7 Repayment Plan / Exit Strategy8 Existing Appraisal Reports (if available)9 Pro Forma Balance Sheets10 Other Existing Third Party Reports(Environmental/Engineering if available) Phase 1 & Phase 211 Comparable Rentals or Sales (if applicable)12 3 Years Operating Statements of Business 13 Current Rent Roll showing concessions (if applicable)14 3 Years Tax Returns of Business (if applicable)15 Company Organizational Documents (if applicable)16 Zoning Information (if available)17 Permits/Status (if applicable)18 Principal(s) Personal Financial Statements19 Principal(s) Resume or Bio.20 2 Years Personal Tax Returns21 Copy of 1st Note, 2nd Note (if applicable)22 Completed Application Form23 Signed Commitment Letter24 Good Faith DepositMost are at 90/10 LTV.10 % down.

Zoning, highest and best use, flood zone, environmental issues, code violations, demographics, employment in the area, crime, etc.Many investors will set a minimum ROI or look at a minimum cash on cash return.

You also have to consider the environmental impact of this stuff being present when the work is done.

This could include, traffic studies, environmental, etc...