Phase I Says 'Low Risk'—Lender Hears 'Superfund-Adjacent'
Broker: 'clean deal' Lender: 'cool—send Phase I (flagged REC), maybe Phase II, and ALTA at 0.01ft' Me underwriting: OM says 5-year roof; inspector says '1998 veteran' 😬 Closing week: need 14 estoppels; tenants: 'what’s an estoppel' 🫠
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