Commercial Loan Portfolio Review - details
McCary Stevens has completed over $50 billion in commercial mortgage loan analysis since its inception in 1993. The following details some of our assignments:
- Commercial Loan Portfolio Review and Strategy Formulation:
- Project description: Detailed review of an $840 million loan portfolio with 38 loans secured by 98 properties (single asset and portfolio loans). McCary Stevens provided the investor/client with a thorough review of each asset, a competitive assessment of each property, a review of the underlying market conditions, a 5-year DCF analysis and a recommendation on the best exit strategy for each loan. Incorporated in the strategic analysis was a review of the participation and/or mezzanine loan and rights of the client under the participation/mezzanine loan agreement. Debt positions included first mortgage, participating junior B-Notes and mezzanine debt. Most loans were floating rate mini-perm loans with short term maturities however some loans were development/construction loans. Assets included all types of commercial properties and a number of land developments.
- Turn around time and staffing: Project Manager and 9 senior level underwriters. Project required an estimated 2,000 man-hours and was completed in 60 days.