For more than 30 years, Situs has been the leading underwriter to the real estate industry. Situs experts average more than 20 years of experience and take an active role in deals— acting as a partner for the client, highlighting red flags, commenting on deal assumptions, and thoroughly analyzing the assets and transaction parties. That expertise, leveraged with leading technology and best practice processes, is why Situs has worked on more than $1 Trillion of real estate deals.
Whether approaching large portfolio underwriting assignments or asset thresholds for DFAST or CCAR stress testing, our seasoned professionals implement our tried and true Quality Control (“QC”) process, which involves multiple levels of review.
Situs is the largest employer of senior underwriters in the market, providing the ability to rapidly deploy a large team of experienced professionals both to in-house projects as well as to multiple locations onsite at the client locations.
The Situs team has experience with all major property and lease types and has worked with leases in 10 currencies and financial statements in 5 languages.
Origination underwriting of 2,000 large portfolio loans in 2015
More than 60,000 lease reviews since 2005
More than 50,000 properties sized since 2010
Provided due diligence & valuations on €3 Billion of CRE across Europe in the past two years
Underwriter on €30 Billion+ CRE loans across Europe since 2004
Proprietary training to ensure highest quality underwriting available globally
Advised on €30 Billion+ of CRE NPL and PL debt transactions in the past four years
Indicative valuations for 2,000+ properties in the last three years
Origination underwriting for 2,000 loans in 2015 with a significant portion being large portfolio assignments
Global scale with specialized property type teams on equity investments, CMBS, GSE, balance sheet, mezzanine, bridge, b-piece and portfolio
Dedicated team for loan-on-loan re-underwriting for warehouse lines
Leading independent firm for evaluating debt transactions for prospective buyers
Situs is the largest re-underwriter for mortgage warehouse providers in Europe
Rapid accurate underwriting for first run deal analysis
Review independence, accuracy and integrity of client vendors
Staffed by attorneys with best in class processes that offer the highest quality abstracts and audits
Cash flow projection, transaction analysis and asset valuation by experienced teams with significant market knowledge
Experts to conduct thorough site inspections for accurate real estate evaluation
Independent diligence and review of 3rd party reports, appraisals and title investigations
CPA-led team focused on deep dive of operating businesses
Loan processing to support timely closing; sources and uses/provision schedule
Due Diligence at origination of European asset prior to issuing
Industry leading team of experts averaging decades of experience
Premier underwriter of the B-piece tranche in CMBS
Commercial Real Estate - All Asset Classes•
Residential Real Estate•
Credit Cards and Consumer Lending•
Commercial and Industrial
Convertible bond offering to finance a large real estate portfolio of commercial and residential units was thoroughly reviewed by Situs and processed successfully for 150% return.
Post Great Recession, there is a continued global economic slowdown, new cultural shifts and the Federal Reserve is raising the federal funds rate just as other central banks increase their quantitative easing, but there are a number of opportunities as well.
The Brexit was a seismic event politically, culturally and financially. As soon as the markets opened, the impact was felt immediately. Situs RERC's Ken Riggs looks at the Brexit and what it could portend for the global investment landscape.