Asset Management and Servicing
Full-Service Asset Management (Equity and Debt) Fully outsourced asset management via dedicated personnel working on-site or based in a Spring11 office
Primary Loan Servicing and Treasury Provided in conjunction with AM offerings “under one umbrella” by our in-house team that all have asset management experience
Quarterly Asset Reviews and Reporting We provide comprehensive solutions to asset reporting from collection of financial reporting packages, financial spreading and qualitative analysis in Client’s form or in a customized form we develop based on Client’s specific needs
Asset Reviews and Re-Underwriting These services are performed annually or as-needed using a client’s form or a custom form developed by Spring11
Warehouse Line Administration A suite of services for warehouse lending clients including, debt service billing, waterfall administration, margin call calculations, surveillance, and reporting at the asset, counterparty and portfolio levels
Asset and Portfolio Management Strategies Asset and portfolio level business plan development, implementation and surveillance
Technology and Systems Implementations Evaluation of technology and system selections, implementation, and ongoing data management
Operating Statement Analysis Input, analysis and normalization of property level operating statements, rent rolls and budgets
Financial and Debt Covenant Compliance Determine covenants, monitor on an on-going basis and provide quarterly covenant report
Construction Lending and Capital/Leasing Reserve Management Determine funding requirements and review each draw request (lien waivers, invoices, lender engineer report, etc.) to determine compliance and summarize in a recommendation memo to Client
Loan Modifications and Lender Approvals Analysis and recommendation of modifications to existing loan documents, lease approvals, and loan assumption underwriting
Property and Market Inspection Physical inspections of the property, market and comparable analysis, property management company assessment
Equity Asset Management:
Asset Surveillance
Lease Review, Negotiation, and Tenant Coordination
Capital Project Oversight and Management
Lender Management
Establish Business Plan and monitor relative performance
Asset Disposition
Asset and Portfolio level Investor reporting
Monthly leasing reporting
Workout Services Development and implementation of resolution strategies and management through workout, receivership, foreclosure and disposition
REO Services Operation of REO properties including execution of liquidation strategies