Loan Workouts
Commercial Assessments provides due diligence services for “Loan Workouts” for troubled assets. Loan Workout Inspection and Analysis Services provide lenders with a sound basis for valuation of incomplete construction projects they may be in the position of having to complete and/or liquidate at below market values.
Sound basis for valuation for the timely disposition of property is paramount for lenders to minimize losses. Additionally, we can assist in minimizing ongoing expenses accumulated during the workout process such as insurance, security, and utilities.
What we offer:
- Inspection
- Physical inspection and assessment to determine status of completion and condition
- Complete report on status of structure, systems, grounds and security
- Inventory of any onsite uninstalled components or supplies
- Review of prior paid draw requests
- Periodic inspections to meet insurance requirements
- Planning & Analysis
- Comparison of draws to results of inspection and assessment
- Comment on comparison
- Consultation with lender to determine options and direction of project
- Plan Review & Cost Analysis
- Plan and document review
- Costing of plan options
- Cost containment
- Monitoring of Construction
- Monthly site visit with detailed report
- Draw inspections with detailed report