Real Property and Debt Instruments

The current economic climate has created a number of opportunities for investors in real estate debt (loans and securities).
Situs provides a range of services to potential investors:

• Data collection including asset analysis, rent roll compilation, and tracking tenant movement
• Local market research including location and threat analysis
• Loan structure analysis including amortization, financial covenants and restrictions on cashflow
• Ongoing surveillance of rating agency reports and servicing updates
• Cashflow projection on both the asset and loan level
• Risk analysis on cashflow weakness and repayment probability
• Asset evaluations based on comparables and NOI projection (current and annually to loan maturity)
• Custom CMBS modeling to accommodate different waterfall structures
• Bond pricing and IRR analysis on a tranche by tranche basis
• Stress scenarios and sensitivity analysis