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Records Search with Risk Assessment

Why should you choose ALLIN Building Consultants for your Records Search with Risk Assessment in Sterling, IL and Surrounding Areas?

The Small Business Administration’s environmental policy (SOP 50 10 6) has particular requirements regarding environmental due diligence on properties, which includes Records Search with Risk Assessment (RSRA), Phase I Environmental Site Assessments and sometimes additional investigation.


Records Search with Risk Assessment is a limited environmental due diligence tool intended to inexpensively evaluate Environmental Risk Level of a subject property as either being a “high or elevated-risk” or “low risk” for contamination. If the property is not determined “low risk”, an additional environmental investigation may be required.


The Advantages of an RSRA over Phase I ESA
         •  Quick turnaround less than 2 - 3 business days
         •  Lower Cost

         •  No Site Visit


What does a RSRA Report include? The Records Search with Risk Assessment includes:
         •  A review of government and historical records
         •  Aerials
         •  The property’s NAICS code and
         •  A completed SBA Environmental Questionnaire for environmentally sensitive operations on the subject property or nearby properties.


 

We have a recognized Environmental Professional (EP) and Industrial Hygienist with 30+ yrs. experience on staff. 

 

All of the information is reviewed and analyzed by our Environmental Professional, who determines whether the property is “high risk” or “low risk” for contamination. When a RSRA report indicates “high risk”, the SBA requires that the lender must then proceed to a Phase I ESA.


This report meets the Records Search with Risk Assessment scope of the Small Business Administration (SBA) 50 10 6.

Non-SBA Use of the RSRA Report


A Records Search with Risk Assessment can also be used on non-SBA loans or by non-SBA lenders as a risk-screening tool as part of a well-rounded environmental risk management policy, and many lenders do so. The RSRA has advantages over other commonly-used risk screening tools, such as ordering only a government records search report. This is because the RSRA provides additional historical records and an Environmental Professional’s review and opinion. It is also a lower-cost alternative to risk screening reports that require a site visit by the environmental consultant, such as the Transaction Screen Assessment.

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