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Non – Performing Loan Workouts, CMBS Special Servicing, and Distressed Asset Management

Situs Special Servicing and Distressed Asset Management has over 25 years of experience in providing a robust suite of scalable services to maximize the recovery rate for our clients. We provide a tenured staff of seasoned experts who have experience across all asset classes, property types, loan structures, and jurisdictions all over the world.

Situs has serviced over $20 billion in distressed CRE assets and has been the special servicer on over $100 billion of loans securitized in CMBS issuances.

 

Proven Results

Special Servicing requires a team that can leverage long-term strategy with precise execution to drive the most favorable outcomes. Situs Special Servicing has recovered 77% of the UPB on the assets fully liquidated to date and 31% of our resolutions have been restructured and returned to the Master Servicer.

Trusted Authority

Special Servicing is a delicate business that calls for a partner you can trust. From 2008 through 2011, Situs served as the primary CRE Special Servicer for the FDIC, managing over 4,000 assets associated with over 50 receiverships. Situs Special Servicing can provide loan workout solutions to the CMBS market and to balance sheet lenders.

Industry Leader

Worldwide, Situs is at the forefront of the Special Servicing industry. In Europe, Situs was appointed Primary and Special Servicer on the first post crisis multi-loan Italian CMBS and Primary and Special Servicer on the first post-crisis Dutch CMBS. Stateside, Situs has been named one of the top 5 Special Servicers by DBRS and is the first Single Family Rental Securitization Special Servicer in the market.

Standard and Poors rates Situs Above AVERAGE

Fitch rates Situs CSS2 Commercial Special Servicer

Morningstar rates Situs MOR CS1 Special Servicer

Master Servicer on the first Greek CMBS

Primary and Special Servicer on the first post-crisis multi-European jurisdictions CMBS

Special Servicer on over $20 billion in distressed CRE assets

Special Servicer for 22 CMBS/SFR issues with a UPB of $23 billion and NPLs of $1 billion

Recovered 77% of the UPB on the assets fully liquidated to date

31% of our resolutions have been restructured/cured and returned to the Master Servicer

Named one of the top 5 special servicers by DBRS

solutions

Defaulted loan workout / restructuring

Defaulted loan workout / restructuring

Proven experts in recovering value from defaulted loans

Formulate and execute exit strategies

Formulate and execute exit strategies

Thoughtful and insightful strategies for successful transition

Develop and execute REO plan

Develop and execute REO plan

Long term strategic planning for optimal positioning

Develop strategy and manage foreclosure and insolvency proceedings

Develop strategy and manage foreclosure and insolvency proceedings

Navigate potentially contentious matters with full confidence

Loan-specific re-underwriting

Loan-specific re-underwriting

Make an informed change to a loan for a more favorable outcome

Management of loan maturities

Management of loan maturities

Offload a long term and time-costly operation

Direct REO operations and repositioning

Direct REO operations and repositioning

Market leaders guide your REO to reach full potential

Liquidation management

Liquidation management

Expedited, organized, and thorough liquidation

Appointment and oversight of third-party service providers

Appointment and oversight of third-party service providers

Management of legal counsel, local servicer, valuer, asset manager, and sales agents

Master servicing on European NPLs acting on behalf of the acquirers

Master servicing on European NPLs acting on behalf of the acquirers

All internal reporting, overview on servicers/asset managers, and associated resolutions

Decision Maker at Major International Bank,

It was great working with them – they're responsive and understands what we need at committee. They was proactive about reaching out to us during the process and we definitely appreciate that.

News & Insights

Case study

Loan Sale Case Study

European bank was able to exit challenging loan by leveraging Situs' underwriting as well as capital markets group to source buyers.

Press Release

Nick Rudenstine Joins Situs as President and COO

Situs, the premier global provider of strategic Real Estate business solutions for the Financial Services industry, today announced that Nick Rudenstine joins Situs as President and Chief Operating Officer (COO). In this role, Mr. Rudenstine will have direct oversight of Situs’ business lines globally and will manage key functions throughout the firm.

Case study

Hedge Loan Advisory Case Study

A global investment bank looking at hedge position on a European corporate loan leveraged Situs’ financial insight and local market expertise to fully grasp all aspects of the deal.

CONTACT US

Chip Good

Managing Director
Business Development

+44 (0) 20 7220 1878

Chip.Good@Situs.com

EUROPE TEAM

Andrew Phillips

Managing Director
Head of Business Development

(212) 294-1340

andrew.phillips@Situs.com

U.S. TEAM