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Loan Surveillance – Europe

Situs’ Asset Management team provides a Loan Surveillance service that can be tailored to suit the individual needs of clients in the Commercial Real Estate finance market. Surveillance typically includes independent analysis, a structured reporting process, early red flag recognition, and even provides staffing solutions to assist clients with the management of their loan book. The Asset Management team is comprised of experienced professionals from both finance and property backgrounds and undertakes many important roles. including the comprehensive periodic review of loan performance (as well as the underlying property / trading asset), the analysis of key loan metrics compared against past reporting periods, business plan sponsorship and cashflow projections, and the preparation of internal annual credit reviews.

 

Responsive

Loan assumptions, modifications, releases, and defeasance require deft and responsive client service to satisfy the borrower’s needs and expectations while still protecting the client’s position.

Insight

Situs also provides watchlist monitoring, CMBS bond surveillance as well as construction/development loan-monitoring, and asset management advice. Situs investigates, examines, and scrutinizes portfolio performance and credit exposures in order to identify risks early in the cycle, which enables the client to act upon any credit issues as they arise.

Customization

Reports can be fully customised to meet clients’ expectations and specifications. Detailed property or loan level surveillance reports can be submitted on a monthly or on a quarterly basis depending on the individual requirement of the client.

Asset Managers based in London, Dublin, Copenhagen, and Madrid

Currently provide loan surveillance for eight CRE lenders

9 billion Euro loans under surveillance across multiple jurisdictions, loan types, and asset classes

Situs Europe was appointed Primary and Special Servicer on the first post-crisis multi-loan Italian CMBS

Master Servicer on the first Greek CMBS

solutions

Property performance analysis and valuation

Property performance analysis and valuation

Accurate and current data for precise valuation

Tenant monitoring and review

Tenant monitoring and review

Proactive monitoring process to keep valuation figures current

Confirmatory due diligence and re-underwriting

Confirmatory due diligence and re-underwriting

Approve data through rigorous review process

Market surveys and feasibility studies

Market surveys and feasibility studies

Preliminary work to create a strong data foundation

Quarterly asset reports

Quarterly asset reports

Clear and concise reporting options

Client investment committee preparation and review

Client investment committee preparation and review

Results-driven processes that are tailored for every client

Annual Credit Reviews

Annual Credit Reviews

Comprehensive review of loan vs. performance

Dean Harris, Head of Surveillance,

“Situs’ Asset Management team performs a discreet, effective loan surveillance service, providing independent in-depth analysis of loan performance against the Borrower’s business plan and the lender’s modelling forecast in a consistent and structured reporting format, thereby ensuring that early “red flag” warning signals are highlighted to the client in a timely manner, which is invaluable from a credit monitoring perspective”.

CONTACT US

Dean Harris

Director
Asset Management

+44 (0) 20 7220 1853

Dean.Harris@Situs.com

EUROPE TEAM

Chip Good

Managing Director
Business Development

+44 (0) 20 7220 1878

Chip.Good@Situs.com

EUROPE TEAM