Property with bad environmental issues.

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.

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.

I want it to be environmentally friendly and a delight to live in.

Most liens are removed after a foreclosure property sale, but certain liens may remain.Here are some examples:Any lien recorded on title prior in time to the foreclosing mortgage.First Mortgage (if the foreclosing mortgage is a second or third mortgage)HOA or COA assessment liens (in certain states)Mechanic’s Liens (in some states)Government liens such as state and federal tax liens, city or county liens, US Government liens.IRS liens (IRS may buy the property within 120 days after sale at the price paid at foreclosure sale)Code Enforcement Liens, Environmental Liens, and Utility LiensChild Support Liens"Listing agent, seller's lawyer, and their title company have all told me it's clear, but I'm just doing my due diligence because this liens exceptions list is provided by auction.com.

On top of that a low-footprint lifestyle is also kinder to the environment.

Check your state/local laws for disturbing interior/exterior surfaces/containment/abatement/environmental (particularly if it will ever be a rental).

The states/cities the handle this well will be looked at favorably by businesses that will factor this into their footprint (especially if remote work becomes even more of a norm). 

They can help you determine what your buildable footprint/envelope is based off code, zoning, setbacks, city requirements.

Greetings, I am a full time employed environmental consultant in NC.