Suitable for both SBA-backed and non-SBA lenders for diverse loan scenarios.
Incorporates professional opinions for accurate risk assessments.
Delivers results faster than traditional environmental assessments.
Generates consistent and structured reports for easy interpretation and decision-making.
The term RSRA stands for Records Search with Risk Assessment. It’s an important tool in the environmental risk industry, meticulously crafted to locate potential environmental threats linked to a specific property. This is achieved by researching historical records and extensive databases. The purpose of a RSRA is to reveal any recognized environmental conditions (RECs) or looming concerns tied to the property. This is done by executing an exhaustive exploration of accessible records, databases, and other sources. This data sheds light on both past and current uses of the property. Furthermore, a thorough analysis evaluates the likelihood of environmental contamination or potential hazards. Should any environmental red flags emerge, the next steps often involve more investigations, assessments, or remediation.
The Records Search and Risk Assessment (RSRA) offers a range of features designed to simplify and enhance the environmental evaluation process for commercial properties. Explore its key benefits below:
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