The completion of an environmental assessment isn’t enough to evaluate environmental risk. Lenders must demonstrate they understand and have accounted for the environmental risks to the collateral. Specifically, the FDIC Guidelines for an Environmental Risk

We wouldn’t have made it this far without the continuous support and loyalty of our clients and we are immensely grateful to you all! Over the past 25 years, we have been fortunate to work

Liz Mahoney, Mike Kosmoski, Noelle McDonald, and Julie Daly were guests on the Private Lenders’ Podcast. This podcast is hosted by Jason Balin and Chris Haddon from Hard Money Bankers who share their experiences from

If you’re investing in real estate as a private lender, the completion of Due Diligence is a must. Environmental assessments, construction reports/monitoring, and valuation due diligence solutions can help you make informed investment decisions and

This Q&A includes questions from our webinar Understanding The Nuts and Bolts of Automotive Repair hosted on June 6, 2023. 1. What is wrong with the storage of drums/batteries/parts outside if they are in a

In cases where significant environmental contamination has been identified, Environmental Remediation Services help to remedy a property of environmental liabilities. A remediation strategy is tailored to meet site-specific requirements from site investigation to viable regulatory

Introduction Commercial real estate lending is used to finance properties of varying operations and value. A critical piece of the underwriting process, environmental due diligence is used to evaluate the environmental risk associated with a

Join LCS, Inc on Thursday, November 17th at 2 PM for a Free live Webinar on the "Ins and Outs of Property Condition Assessments".

Mike Kosmoski, SVP, Construction Services at LCS, was a featured guest speaker on the Credit Union Conversations Podcast hosted by Mark Ritter. In this episode, So You Want To Do Construction Loans, Mark and Mike

A breakdown on the purpose and use of reliance letters in Environmental Due Diligence. The Purpose of Reliance Letters A reliance letter is used in Commercial Real Estate (CRE) transactions to allow additional parties to

Q&A: What Goes into Selecting an Appropriate Cap Rate? There is a lot of speculation that CRE is somewhat overvalued. Are there analytical limitations that would result in delays to using increasing capitalization rates in

In our previous blog, Rising Interest Rates: Critical Benchmarks in the Commercial Real Estate Valuation Process, we discussed a few critical benchmarks used in the commercial real estate valuation process. In this blog, we will

Commercial Real Estate Valuation appraisers use critical benchmarks to determine the value of a property, including: market rent; occupancy; operating expenses; and, capitalization rates. To consider the effect of rising interest rates on a real

The long-awaited updates to the ASTM E1527-21 Standard Practice for Phase I Environmental Site Assessments have been released. About ASTM E1527 Since 2005, the United State Environmental Protection Agency (USEPA) has recognized ASTM E1527 as

In a webinar hosted by LCS in November of 2022, Mike Kosmoski, our VP of Construction Services answered some great questions about Property Assessment Reports.  This information is valuable for lenders working to mitigate risk

In the previous two blogs we spoke about mitigating risk during the construction lending process by knowing What to Look for in a Thorough Plan, Specification and Cost Review, and discussing Why Lending Professionals Must

Join LCS, Inc on Thursday, November 17th at 2 PM for a Free live Webinar on the "Ins and Outs of Property Condition Assessments".

All construction lenders have one thing in common, adversity to risk. How that risk can be mitigated varies by lender and project. General consensus among the financial industry centers around the use of a robust

As a rule, LCS always recommends that a lender conducts a full project review prior to closing often called a Plan and Specification Cost Review (PSCR Report). This review could either be performed by qualified

Construction lending is inherently a risky business, even in times of stability and prosperity. During the COVID-19 pandemic, general contractors defaulted at an annual rate of 11.5 percent which was up from 3 to 5

Julie Daly, SVP Environmental Due Diligence, brings 20 plus years of experience from the Environmental Field to guide lenders on Phase I Reports and the Review process.

Introducing our Vice President Of Construction Services

Meet our new National Sales Representative.