CMBS Pools, Loans, Workout & Recovery
UnderwritersTrust assists in the development of professional, third party, qualified private, non-banking related distressed and non-performing loan analysis and workouts.
We provide Buyers and Sellers of non-performing or distressed asset debt in the primary and secondary market a non-bank related, qualified loan analysis and management service, thus strengthening owner and bidder expectations in the NPL market.
We can prepare and implement client-proprietary loss mitigation and foreclosure strategies, policies, and procedures, which will enable holders of property-backed portfolios to balance effective credit loss strategies with occupancy preservation thus maintaining asset quality and reduced operating costs.
And, we can identify controllable credit losses via economically viable workouts, and target prudent cost-effective foreclosure/bankruptcy timelines that minimize administrative costs.
For Buyers
Our practitioners assist Buyers understand and manage, in a controlled manner, the acquisition process on a broad range of pools.
We can prepare cash flow modelling and projections that facilitate pricing certainty within a given set of constraints including competitive auction-driven campaigns. We assist Buyers to underwrite individual or multiple loan pools, analyze cash streams through capital & bondholder stacks, and approximate bid-discounting and resulting yields to an investor.
We can expedite initial "scratch & dent" reviews using aggregated values and control variables, prepare granular analysis to the asset tenant level to determine lease-up & retenanting costs, and execute "what if" borrower fall-over and loan-to-REO conversion scenarios for the underlying real estate.
Core Advisory Services
Forensic Analysis
We provide clients with professional forensic analysis to detect and pinpoint underwriting irregularities and gaps.
Working with legal advisors across diverse real estate-backed engagements, we have developed tools for data mining, extraction, and analysis that enable us to illuminate and report findings in industry or client-proprietary formats.