Rubidium offers professional environmental consulting services to support the property transaction and financial approval process. Phase I Environmental Site Assessments are often required for due diligence, pre-acquisition, and financing purposes. Phase I ESAs make property buyers and financial lenders aware of the potential environmental risks associated with a property. The cost to remediate a contaminated property may be pervasive, so it is in the best interest of the land purchaser and lender to understand the potential environmental liabilities.
Environmental Site Assessments assess potential and actual environmental concerns, and associated financial liability, of a property before purchasing. Phase 1 Environmental Site Assessments have become an essential part of the property transaction process, as most reputable lenders require an assessment before approving a mortgage on various types of properties. Our goal is to assist your Client with understanding the environmental condition of the property being purchased, sold, or financed, so that all environmental risks are exposed. Rubidium can assist you and your Client by conducting Phase I and II ESAs that may be required for acquisition or financing purposes.
Types of properties that typically require a Phase 1 Environmental Site Assessment in Ontario include:
- Apartment buildings or multi-residential buildings
- Commercial buildings
- Industrial buildings or industrial land
- Former institutional properties
- Development land
- Agricultural land
- Brownfield properties
Prior to purchasing, financing, or redeveloping a property, performing due diligence procedures is crucial in order to protect your client. Providing your Client with an efficient, professional, and reputable environmental consulting company referral will save time and money. Rubidium’s team of experts possess invaluable skills to assist in your property transaction in the most cost-effective manner, to eliminate any unforeseen risk associated with purchaser’s environmental liability. Your Clients deserve to have the highest level of understanding of the risk involved in purchasing a specific property; our experts convey the information required to make informed decisions. We specialize in identifying any and all potentially contaminating activities that may have occurred on, or in the vicinity of a subject property historically, to ensure that your client does not get stuck with a contaminated Site and in turn the responsibility and cost of remediating the Site themselves.
Our team of experienced engineers, scientists and technicians at Rubidium Environmental provide high-quality, accurate ESAs in a timely manner, we understand property transactions may be time sensitive. Rubidium works with our clients to assess the environmental condition of a property and discern tailored solutions, remain within your financial means, and abide by your timeline to ensure a property transaction is not delayed. If your project is significantly urgent, we also offer rush services for our clients. We are accustomed to working within tight schedules, ensuring our client capitalizes on the time available to them to consider environmental risks.
Rubidium has relationships with several lenders, government regulators and municipalities, and vast experience assisting the complicated process involved in facilitating a property transaction free of environmental risk. Rubidium appreciates that financial and property transactions occur on a rigid schedule, we can provide professional environmental consulting services and meet deadlines that our competitors cannot. Receiving information early in the property transaction and/or financing process regarding any potential liabilities associated with a property enables a client to make an informed decision weather proceeding with a project is ideal or not. Beyond a Phase 1 ESA, if a client decides to acquire a contaminated Site, Rubidium provides insight whether additional ESA investigations are necessary in defining the extent of contamination, and the most cost-effective remedial action plan.
Rubidium offers several services that you may require:
- Environmental Site Assessments (Phase I, II, One and Two)
- Site Remediation
- Peer Review
- Designated Substance Surveys
- Tank Removal
- Hydro G and Geotechnical Studies
Rubidium is pre-approved with all major lenders in Ontario.
Rubidium understands the importance of your property acquisitions and will work to protect your business interests now and for years to come.
Our Environmental Due Diligence Manager, Sarah Sipak will be glad to answer any questions you may have regarding your due diligence needs, or a job quote, feel free to contact her at:
Phone #: 905-635-4063 x 3708