Environmental Transaction Screen Assessment (TSA) in United States

1. Environmental Transaction Screen Assessment (TSA) in United States A Transaction Screen Assessment, also often referred to as an Environmental Transaction Screen, is essentially a limited Phase I Environmental Assessment Report, which is used to assist in identifying Potential Environmental Concerns (PECs) associated with properties. The term Potential Environmental Concerns means the possible presence of any hazardous substances or petroleum products on a property under conditions that indicate the possibility of an existing release, a past release, or a threat of a release of any hazardous substances or petroleum products into structures on the property or into the ground, groundwater, or surface water of the property. The Transaction Screen Assessment is performed per the requirements of the ASTM 1528-06 Standard Practice for Limited Environmental Due-Diligence. The Transaction Screen Assessment is the most popular accepted limited product performed and accepted by lenders. However, it should be noted that a Transaction Screen Assessment does not carry the weight of a Phase I Environmental Site Assessment Report in that it does not meet the requirements of the EPA’s All Appropriate Inquiry, and will not offer the user protection from CERCLA Liability.

2. Below is a list of steps performed when completing a Transaction Screen Assessment? Research and obtain major historical sources consisting of any three of the following (historical aerial photographs, topographic maps, Sanborn Fire Insurance Maps, City Directories, Title report, and/or Building records) Perform a site inspection of the subject property Conduct an interview along with completed environmental questionnaire with owner, property manager, or one with confirmed historical knowledge of the subject property Complete Transaction Assessment Report to determine the presence of PECs, and if the subject property is at low or high risk

3. Fulcrum can apply the cost of a Transaction Screen Assessment to the Phase I Environmental Site Assessment report should the user chose to upgrade

4. Fulcrum performs Transaction Screen Assessments throughout the U.S. Many times a client will consult with Fulcrum to determine if a Transaction Screen Assessment will be the best fit for a particular property type. For example, for property types that are listed on the NAICS list, the SBA dictates that the user must begin with a Phase I Environmental Site Assessment Report. It is always a good idea to consult first with a trusted partner as Fulcrum can evaluate the property type and determine if going straight to a Phase I Environmental Site Assessment Report is the better option for a particular deal. Reference Links https://in.pinterest.com/frenvironet https://www.startus.cc/company/fulcrum-resources-environmental https://www.slideshare.net/frenviro/a-full-service-environmental-sustainability-consulting-firm https://www.hotfrog.com/company/1219834743296000 https://www.plurk.com/frenviro https://ec.enrollbusiness.com/BusinessProfile/4699203/Fulcrum-Resources-Environmental-Monrovia- CA-91016 https://list.ly/list/2uRr-finding-the-best-residential-construction-company https://www.yelp.com/biz/fulcrum-resources-environmental-monrovia-2

5. https://cdn.ymaws.com/www.envirobank.org/resource/resmgr/rmc_presentations/4-24-19-eba-rmc_-https://cdn.ymaws.com/www.envirobank.org/resource/resmgr/rmc_presentations/4-24-19-eba-rmc_- _extreme_lo.pdf https://fulcrumresourcesenvironmental.wordpress.com/2019/01/30/who-all-can-benefit-from- environment-due-diligence/ https://www.environmental-expert.com/companies/fulcrum-resources-environmental-101015 https://www.bark.com/en/company/fulcrum-resources-environmental/VJ1nw/