Blog

While ERMI president Steve Hilfiker is our primary blogger, other members of our staff will occasionally contribute posts based on their specific areas of expertise.

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Determining the Actual Value of Impacted Properties

Initially, impacted properties do have reduced value—but sometimes, that is exactly what can make them strong investment opportunities. Because if the environmental impact can be quantified, the value of the property (including the impact) can be appraised. Decisions regarding the purchase price, loan amount, loan to value, resale potential, and overall credit decisions can all… Read More...

Lender Liability and the Financing of Impacted Properties

In 1986, Congress passed an amendment to Superfund known as the Superfund Amendment and Reauthorization Act (SARA).  This amendment incorporated a very commonly used phrase: “all appropriate inquiry consistent with good commercial practice”—a phrase sometimes referenced simply by the acronym “AAI.” The concept of AAI is based on the ancient principle of caveat emptor (“buyer… Read More...

Extreme Brownfield Makeovers: Florida’s Next Luxury Properties?

More and more cities can point to dramatic redevelopment success stories. You don’t have to look far to find accounts of old textile mills, urban warehouses, or abandoned heavy-industrial sites that have been transformed from rusty relics into popular, trendy loft apartments and retail spaces. Florida has many such properties just waiting to be turned… Read More...

What we gain from a storm

It’s amazing to consider that today (Sept 10) marks the two-year anniversary of Hurricane Irma’s landfall. Any of you who experienced IRMA remember the devastation vividly. Irma plowed into the Keys as a Category 4 hurricane (at that time, the first to hit our state in more than a decade). Then it churned up into… Read More...

How lenders can help FL prepare for 10 million new residents

In 2014 Florida passed New York as the nation’s third-most populous state, and in 2016 our head-count reached 20.6 million. Now, according to research at the University of Florida*, we may expand to 30,000,000 by 2045. Which raises an obvious question: Where are we going to put 10 million more people? The best answer to that question actually… Read More...