Environmental Services

At LCS, we make sure your property transactions are on solid ground by providing comprehensive environmental reporting services that ensure compliance, risk analysis, and peace of mind.

EAQuick Opinion Report

This low-cost desktop report can be used as a preliminary screening on small balance loans with innocuous current and historical site operations. The report features:

• Regulatory research reviewed by an Environmental Professional
  
• Low or Elevated risk assessment with recommendations

EAQuick Loan Check

This affordable desktop report is suitable for analyzing small conventional loans with unremarkable current and past site activities, as well as SBA loans tied to properties not listed as environmentally sensitive under SBA NAICS codes.

The report offers:

• All components of the EAQuick Opinion Report
• Review of an Owner/Operator Questionnaire
• Historical research to 1940 or first developed use utilizing two sources of research
• Municipal research (online property data information)
• Exceeds USSBA environmental due diligence requirements for a Records Search with Risk Assessment (RSRA)

Transaction Screen

This report exceeds the requirements of the most current ASTM E1528 standard and can be used on any property type. The report features the following:

• Thorough site inspection by a qualified environmental analyst, including cursory inspections for suspect asbestos, lead-based paint, and mold
• Historical research to 1940 or first developed use, utilizing multiple sources
• Review of previous environmental reports, if available
• Owner/operator and municipal interviews
• Database searches for federal, state, and local environmental information, reviewed by an Environmental Professional
• Discussion of local radon levels
• Identification of potential environmental concerns with recommendations to address, if necessary
• Report prepared by Environmental Professional(s) with conclusions and recommendations

Phase I Environmental Site Assessment

This report exceeds the requirements of the most current ASTM E1527 standard and can be used on any property type. If you or your borrower are seeking CERCLA protection as an innocent purchaser, bona fide prospective purchaser, or contiguous property owner, this report should be used. The report features at least:

• All components of the Transaction Screen Report
• Additional in-depth review of regulatory records, if required
• Former owner interviews
• Identification and discussion of significant data gaps, if applicable
• Collection of information from the User of the report for CERCLA protection requirements
• Review of physical setting and hydrogeologic information
• Review of wetland maps, soil types, and lead-in-drinking water results
• Identification of recognized environmental conditions (RECs), controlled RECs (CRECs), and historical RECs (HRECs) with recommendations to address, if necessary
• Can be tailored to meet USSBA environmental due diligence requirements for a Phase I ESA

Phase II Subsurface Investigation Services

Our Phase II services are tailored to the property being investigated, our client’s needs, and the purpose behind the investigation. To discuss your specific needs, please call or email for details.

Turnkey Environmental Remediation Services

Our turnkey environmental remediation services are available upon request. LCS’s services are tailored to our client’s needs and the purpose behind the investigation. To discuss your specific needs, please call or email for details.

Environmental Report Peer Review

LCS will evaluate and analyze environmental reports and Phase II proposals completed by third-party consultants. By outsourcing these reviews, you avoid the liability of in-house reviews.

This review features:

• Recommendations and solutions to address identified environmental risk
• Quality control to ensure compliance with your scope of work requirements
• Communication with the consultant if amendments are required
• Option to update previous environmental assessments at a lower cost than new high-level due diligence

Environmental Due Diligence Outsourced Management 

LCS can provide support to your environmental risk management program by assisting with policy development and/or implementation. LCS helps lenders mitigate environmental risk and maintain compliance with state and federal regulations by offering:

• EDD Policy Development & Compliance – Creating and implementing EDD policies for consistency and risk mitigation. 
• Vendor Management – Establishing and maintaining an approved list of environmental vendors to ensure compliance and report quality. 
• Desktop and Field Review Services – Delivering EAQuick Opinion and EAQuick Loan Check reports for fast, reliable assessments. 
• Peer Review & Quality Control – Reviewing all Phase I ESAs, Transaction Screens, Phase II investigations, and remediation proposals to ensure compliance. 
• Bid & Award Process Management – Providing administrative support through RIMS or similar systems for vendor selection. 
• Training & Risk Mitigation – Offering ongoing education for lending teams to optimize risk assessment practices and reduce borrower fees. 

Packaged Services

LCS understands that a lending client may wish to have several of our valuation, construction, and environmental services grouped into cost-effective packages that secure fees for the borrower. To that end, LCS has developed a wide range of report packages designed specifically for small-balance loans. Contact us for special pricing and delivery.

Environmental Resources

View select articles from our subject matter experts.