When Phase I Says 'Former Dry Cleaner' And Your LOI Says 'Value-Add'
Broker: “DD is chill” Phase I ESA: Historic dry cleaner + “unknown UST” cameo Lender: Perfect—$750k holdback, need SNDA/estoppels from the nail salon and the ghost tenant Me @ 2:47am: Redlining PSA while Excel screams #REF! and ALTA says our parking is an easement ☕🤡
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