The commercial real estate market continues to mature, possibly bringing new opportunities to your bank’s doorstep for writing loans on agricultural, commercial and industrial properties. Your loan officers are experienced at evaluating risks and credit worthiness, but does your bank have an outlined environmental risk management policy? How does your loan officer determine when a loan may need additional background research? What is guiding your loan officers in evaluating the risks associated with loans for agricultural, commercial and industrial properties? Financing a property transaction that involves these types of historical uses does not need to be a challenge. A defined environmental policy can assist your bank in evaluating and managing environmental risks while satisfying regulatory requirements.
An environmental policy should be a living document that can change with both regulatory and business climates. It should be tailored to the lending services your bank offers. Point to Point Environmental specializes in providing community banks like yours with drafting or refining environmental policies as well as effectively managing environmental risk. Click here to read more or contact Mark Faas at Point to Point Environmental directly via phone at 678-565-4435.