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Financial institutions require the completion of environmental due diligence of a commercial real estate collateralized lending transaction for many reasons. They may wish to understand the environmental condition of the proposed collateral and ensure a Borrower's compliance with applicable regulations prior to making a loan; to reevaluate the collateral during a renewal or refinance transaction; to determine the collateral's condition at the time of a loan default; or to obtain information about an unexpected environmental condition encountered within the loan term.
I read with interest the article by Ken Kaye on two scientist's challenge of other scientist's linking warmer oceans to more intense hurricanes (Sun-Sentinel page 1, December 13, 2007).