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Special Servicing Support Capabilities
Moving forward, the 2010 decade will place increasing pressures on special servicers in managing vintage 2005 plus CMBS issue property defaults.
PMH commercial division understands this potentially challenging environment, has conducted award winning academic research on the subject, and is positioned to assist in a special servicing support capacity or as receivers.
Receivership is being utilized more frequently as it ameliorates any potential perceived conflict of interest issues between special receivers and their respective bondholders while affording CMBS special asset purchasers a way to assume a modified loan from the special servicer in compliance with REMIC rules.
Our support services include:
- Commercial property receivership and REO asset management
- Special asset property collateral valuation services
- Excess & surplus property divestiture and repositioning by both real estate product type and geographic market
- Construction Management Services
- Commercial property special asset sales marketing and leasing oversight
- Financial analysis, market profiling, due diligence, and contract administration of commercial real estate sales, leasing, and asset management functions including negotiations and strategy development
- Real property workouts and loan modifications including litigation management and resolution
- Accelerated property marketing including non-distressed auctioning services
- Scopes created and designed for specific REO special asset outsourcing requirements as needed