Investigation and resulting report (Phase I ESA Phase I ESAEnvironmental Site Assessment conducted per the current ASTM E-1527 standard and the resulting report. or Phase II ESA Phase II ESAEnvironmental Site Assessment conducted per the current ASTM E-1903 standard, or any other post-Phase I ESA, and the resulting report. ) conducted per Environmental Due Diligence Requirements ( Form 4251 ), identifying if a Property PropertyMultifamily residential real estate securing the Mortgage Loan, including the fee simple or Leasehold interest, Improvements, and personal property (per the Uniform Commercial Code). has Recognized Environmental Conditions or Business Environmental Risks Business Environmental RisksRisk of material environmental or environmentally-driven impact on the business or property associated with a Property or the past, current or planned use of a Property, including all “non-scope considerations” under current ASTM E 1527, asbestos or asbestos-containing materials, radon, lead-based… .