Access to Capital for Property Redevelopment

Background: A client was interested in acquiring a large waterfront property with a long history of industrial activity but limited environmental information about dredged fill material and sediment quality, and needed to address lenders' environmental concerns.

Role of ER&FS:ER&FS conducted an exposure assessment and advised the client regarding environmental insurance to meet the lenders' requirements. As the client's plans changed to accelerate redevelopment, ER&FS developed a risk management plan to address data gaps and the insurer's concerns.

Client Benefits: Project funding was achieved and transaction closing was kept on schedule. Significant project changes proceeded with protections at no additional cost while avoiding subsurface sampling.

Case Studies

Acquisition Due Diligence
Acquisition Financing
Asset Enhancement
Asset Retirement Obligations
Captive Risk-Reward
Claim Recovery
Claim Support
Coverage Evaluation
Coverage Negotiation
Development Financing
Financial Assurance
Liability Management
Liability Resolution
Merger Integration
Negotiation Strategy