Manage
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.
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Standard and Poors rates Situs Above AVERAGE |
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Fitch rates Situs CSS2 Commercial Special Servicer |
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Morningstar rates Situs MOR CS1 Special Servicer |
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Master Servicer on the first Greek CMBS |
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Primary and Special Servicer on the first post-crisis multi-European jurisdictions CMBS |
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Special Servicer on over $20 billion in distressed CRE assets |
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Special Servicer for 22 CMBS/SFR issues with a UPB of $23 billion and NPLs of $1 billion |
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Recovered 77% of the UPB on the assets fully liquidated to date |
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31% of our resolutions have been restructured/cured and returned to the Master Servicer |
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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.
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.
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
Our representatives in the United States and Europe
Chip Good
Managing Director
Business Development
+44 (0) 20 7220 1878
EUROPE TEAM
Andrew Phillips
Managing Director
Global Head of Business Development
(212) 294-1340