evaluate


Debt and Equity Due Diligence

Due Diligence is the basis of confidence for all parties in financial transactions. It is 3rd party validation that deal data is accurate, assumptions are reasonable, and calculations are correct. For more than 30 years, Situs has provided the highest level of Due Diligence on financial transactions across asset classes around the world. Due Diligence is the foundation from which all Situs solutions were developed.

 

Accuracy

Confidence requires accuracy and Situs prides itself on having one of the highest levels of accuracy in the industry. In one project, Situs valuated and populated more than 10 million data points with better than a 99.9% accuracy rate. Consistent accuracy is why clients choose Situs.

Quality

Situs leverages experts who average more than 20 years of experience, leading technology, and best practices that ensure a level of quality unmatched in the industry. We understand that speed and price are no substitute for quality, which is only achievable through high standards, experienced staff, and continuous commitment to improvement.

Diverse Exposure

Situs’ deep industry knowledge with deals closed across a wide array of real estate asset types, markets, and debt/equity product types ensures rigorous, detailed, and accurate analyses while identifying and addressing macro deal issues.

Dependability

Situs quickly adapts to a firm’s methodology and becomes an extension of each client’s team. Combined with almost limitless scalability and rapid turnaround, Situs is frequently the financial industry’s first call for Due Diligence projects or support.

Due Diligence is conducted on more than $300 billion of commercial real estate annually

Individual deals range from a $1 Billion single-borrower loan to $3 million small-balance loan

Over 375 portfolio transactions completed last year ranging from M&A diligence with thousands of loans reviewed to a 2-property new origination deal

More than 50,000 properties sized since 2010

Strong team of real estate and finance experts covering major geographies in Europe with multi lingual skills

Underwriter on more than €30 billion CRE loans across Europe since 2004

Advised on more than €30 billion of CRE NPL and PL debt transactions in the past four years

Indicative valuations for more than 2,000 properties with an estimated value of more than €20 billion between 2013-2015

Provided due diligence & valuations on €3 billion of CRE across Europe in the past two years

solutions

Debt and Equity Underwriting and Due Diligence

Debt and Equity Underwriting and Due Diligence

Global scale with specialized property-type teams on equity investments, CMBS, GSE, balance sheet, mezzanine, bridge, b-piece and portfolio

Loan Sizing / Equity Deal Prescreening

Loan Sizing / Equity Deal Prescreening

Rapid accurate underwriting for first-run deal analysis

Vendor Due Diligence

Vendor Due Diligence

Review independence, accuracy, and integrity of client vendors

Lease Abstracting/Audit

Lease Abstracting/Audit

Staffed by attorneys with best-in-class processes that offer the highest quality abstracts and audits

Cash Flow Review/Modeling/Argus Modeling

Cash Flow Review/Modeling/Argus Modeling

Cash flow projection, transaction analysis, and asset valuation by experienced teams with significant market knowledge

Site Inspections

Site Inspections

Experts to conduct thorough site inspections for accurate real estate evaluation

Third Party Report Reviews

Third Party Report Reviews

Independent diligence and review of 3rd party reports, appraisals, and title investigations

Agreed Upon Procedures /Forensic Accounting

Agreed Upon Procedures /Forensic Accounting

CPA-led team focused on deep dive of operating businesses

CRE Warehouse Underwriting

CRE Warehouse Underwriting

Dedicated team loan for loan re-underwriting of CRE warehouse lines

Performing And Non-performing Loan Underwriting And Due Diligence

Performing And Non-performing Loan Underwriting And Due Diligence

Leading independent firm for evaluating debt transactions for prospective buyers

Loan Closing Support

Loan Closing Support

Loan processing to support timely closing; sources and uses/provision schedule

Re-underwriting Of Residential Mortgages

Re-underwriting Of Residential Mortgages

Situs is one of the largest re-underwriters for mortgage warehouse providers in Europe

Presecuritization Pool reviews

Presecuritization Pool reviews

Due Diligence at origination of European asset prior to issuing

Securitization/Syndication Support

Securitization/Syndication Support

Industry leading team of experts averaging decades of experience

B-piece Underwriting

B-piece Underwriting

Premier underwriter of the B-piece tranche in CMBS

Loan Assumptions / Borrower Consent

Loan Assumptions / Borrower Consent

Requests placed on servicers for borrower transactions including property management change forms and lease consents.
Specialized borrower consents on all aspects of loan assumptions that include cash flow property, borrower analysis, and detailed underwriting

Loan Quality Assessment and Grading

Loan Quality Assessment and Grading

Identify and grade all loans reviewed

Residential Mortgage Pool Evaluation and Management

Residential Mortgage Pool Evaluation and Management

Drive-by evaluation, financial analysis, and process management of residential mortgages

asset classes

Commercial Real Estate – All Property Types

Residential Real Estate Lending

Automobile Loans

Credit Cards and Consumer Lending

Commercial and Industrial

Managing Director,

Global Private Investment Firm

“The Situs team has been outstanding, and we could not have won the deal without them. They worked tirelessly – digging in to help us understand the portfolio in a very difficult process; even cancelling their Holiday party to be on our investment committee call to support my team. I am extremely impressed by their work ethic! We look forward to a strong and long-lasting partnership with Situs.”

News & Insights

Thought Leadership

caution-banner

Caveat Emptor

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.

Thought Leadership

Medium Map

Dots on a Map

Small, tertiary markets possess hidden gems in hotels that offer investors real value.

Thought Leadership

Brexit – A Revolution in the Making

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.

CONTACT US

phillips-andrew

Andrew Phillips

Managing Director
Head of Business Development

(212) 294-1340

andrew.phillips@Situs.com

U.S. TEAM