Lender Liability for Environmental Issues

Many real estate transactions that are promising investment opportunities are not pursued because of environmental risk. The potential for catastrophic monetary loss exposure, loss associated with environmental cleanup costs, or liability claims is difficult to quantify. Often, when a deal can be reached between buyer and seller on the environmental risks, securing financing can be difficult because lenders worry about the impairment of the collateral value of the land and environmental liabilities. This program, presented by Howard Tollin, President of SterlingRisk Environmental and Professional Services, and Sami Groff, Partner at Nixon Peabody, will review the environmental laws and liabilities as they impact the lender. The program will further provide environmental insurance solutions which protect the lender and used regularly to secure financing and close the real estate transaction.  

This program will be useful for law practices including real estate, construction, banking, litigation, environmental and others. 

 
Learning Objectives:

1. Recognize environmental laws and liabilities pertaining to a lender

2. Identify environmental exposures using common scenarios

3. Discuss environmental insurance as a third-party risk transfer mechanism to help your clients close a loan

4. Analyze how to best utilize environmental insurance as a tool to provide comfort to lenders