For over a quarter century, The Reynolds Group has provided environmental advice and due diligence to Banks/Real Estate Financiers & Investors. TRG began in 1989 as a preferred consultant to Bank of America. When the Savings & Loan (S&L) Crisis debacle occurred in early 1990’s, TRG became a designated consultant for the Federal Deposit Insurance Corporation (FDIC) as it sorted through thousands of real estate holdings that needed environmental assessment and/or remediation.
During real estate transactions or financings, TRG offers environmental due diligence services of all types. We also conduct Phase I Assessments, regulatory audits, and remedial cost estimates for any type of property transaction. We inspect potential environmental issues ranging from asbestos, lead, metals, and volatile organic compounds (VOCs) in the soil and groundwater. This information allows the banks to quantify and understand the risks of advancing real estate deals.
Financial institutions or owners continuously ask TRG to provide Status Reports and Comfort Letters regarding the environmental status of properties. We evaluate the technical status of the environmental work and provide opinions about the potential remaining environmental costs and timing that institutions use in their financing decisions.