Most of the lenders will require environmental and structural due diligence or assessment performed for commercial real estate transactions in United States. Based on the findings of these assessments, lenders can negotiate the loan amount, rate or simply deny the loan, similar to home inspection. The American Society of Testing and Material (ASTM) have provided guidelines for conducting Environmental and Structural Assessments. This module provides a general summary of different types of due diligence assessments and their purpose.
After completing this module, you will have learned:
- What are the typical due diligence assessments conducted for a commercial real estate transaction?
- Why these assessments are required.
- Related regulations and Overview