Viridian’s Liability Assumption Program

Our risk transfer template allows sellers to recapture substantial balance-sheet environmental reserves:

Viridian structures transactions that permit our corporate sellers to capture the market value of Brownfield properties by returning them to productive reuse, while releasing balance sheet liabilities for their remedial obligations.

Viridian has engineered a repositioning process for our sellers that includes:

Due Diligence:

Prior to acquisition, Viridian engineers a state-of-the-art environmental risk management and liability transfer template that assures multiple layers of protection. Viridian assumes the remedial obligation of the responsible parties through a remediation agreement with the lead environmental agency.

Insurance and Risk Management:

Environmental insurance is procured to the benefit of all parties, with policies bound at closing and the premiums paid in full. Insurance deductible exposure mandated by each policy, as well as long-term stewardship obligations, are capitalized in the project budget.

Site Work:

Clean-up and infrastructure contractors are required to guaranty the achievement of critical performance milestones such as obtaining a “no further action” status for the site.

Closure:

Finally, our indemnification to Seller is backed by financial assurance tailored to the needs of each property. Corporate sellers need a high level of confidence that any transferred environmental risk does not come back to them. Likewise, Viridian believes that it is important not to pass along continuing environmental obligations to our buyers at the time of sale.

We always strive to achieve solutions that work for all parties involved.

We are real estate professionals with a developer mindset. We provide robust environmental indemnification to our sellers backed by financial guarantees supporting our performance.

303.271.9114 Get in Touch with Viridian Partners

Contact Us