Calling all commercial and industrial brokers! Matt Winefield had the privilege of taking part in a virtual Q&A session with eXp Commercial. eXp industrial brokers peppered Matt with questions about how to get deals closed when faced with contaminated soil and groundwater. This podcast includes a 15-minute overview of strategies for divesting brownfield properties and transferring environmental liabilities. The remaining 40 minutes are filled with real world solutions to actual transactions in the brokers’ portfolios. We have provided time stamps below the video podcast so you can peruse subjects of interest: Time Stamp - Topic
2:20 - eXp Introduces Matt Winefield 5:30 - Presentation Begins – “Saving a Property Transaction with Recognized Environmental Conditions” 6:00 - Defining a Phase I Environmental Site Assessment 7:44 - Types of Contaminated Properties 8:30 - Typical Remediation Methods 10:00 - General Thoughts on Environmental Price Reductions 13:40 - Third-Party Sources of Environmental Funding 15:00 - Expected Investor Returns for Brownfields 16:00 - Success Story No. 1 – Industrial Cleaner/Launder 17:00 - Success Story No. 2 – Gas Station 18:55 - Pre-Screening Sites for Environmental Problems 20:15 - Conventional Debt Availability for Contaminated Sites 23:25 - Environmental Disaster Story No. 1 – Dry Cleaner 25:00 - Environmental Insurance Polices 26:00 - Environmental Due Diligence Periods 30:40 - Environmental Disaster Story No. 2 – Plating Shop 31:20 - Environmental Grant Resources 33:20 - Older General Liability Insurance Policies and Possible Environmental Coverage 36:40 - Soil Vapor vs. Soil Matrix Sampling 42:00 - Transparent Approach to Negotiating Environmental Cost Reductions with Sellers 44:30 - Auto Shop Environmental Risks 52:00 - Broker Listing Strategies for Environmentally Impacted Properties
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