It's good to know you are buying a park that has the proper inspections and certifications, but it also means at any time the state can decide that your well has been tainted and needs to be shut down, or your lagoon system is leaching or causing environmental issues. 

Property:- Appraisal- Environmental- Perform a site visit (if needed)- Rent roll - Operating statements/NOI (look out for any one off capital improvements that could hurt cash flow)- Cap rate (obtain by comparisons to recent transactions for property type in same market)Borrower:- 3 years financials- Credit check- Personal statement on experience (if it seems they are new to commercial)- Obtain personal or corp. guarantee if needed (get personal net worth statement)At the end of all this, determine if we can lend the amount they are asking for if it falls within our maximum LTV and minimum DCR.

Property with bad environmental issues.

Our house (cottage) of 20yrs was valued at 70K with a separate land value of 400K.Donald Hendricks, I had not heard of the environmental issues with a "burn".

The last page of the lease includes an "Additional Clauses" which states "Broker advises Owner to consult an appropriate professional for related legal, tax, property condition, environmental, foreign reporting requirements and other specialized advice."

Understand environmental law as it may apply to tenants as well as business and RE law. 

Environmental liabilities can be very expensive.

Hi Everyone, I am on the verge of venturing into the world of specialist rehabbing- where I wont just be rehabbing for the sake of a rehab but with special goals like Environmentally friendly rehabs or ADA friendly rehabs and such like.

These you can probably look up online).There are also Environmental Indemnity agreements.All of these documents and a few more will form a complete loan package, and this should be prepared by a lending attorney used to private loans.

In November, I'll start as an attorney at a large Chicago-based law firm in its environmental practice group.