Condor Capital Prepares For Nonperforming Loan Activity

Posted by Orb Staff on November 04, 2008 No Comments
Categories : Commercial Mortgage

Condor Capital Advisors, a privately held Los Angeles-based commercial mortgage and capital markets advisory firm, says it is gearing up for an expected increase in assignments for valuing, modeling, purchasing and selling nonperforming commercial mortgage loans (NPLs).

As the stress in the economy is starting to impact commercial real estate and mortgages, Condor Capital has been receiving numerous inquiries from firms looking for guidance and analytical tools to value, purchase or sell distressed commercial loans.

Condor adds that it has developed a sophisticated portfolio based NPL valuation model; has assisted clients with NPLs in Germany, Italy, China and the Czech Republic; and recently has developed a comprehensive land development model for a large financial institution for the valuation of its land investments.

Source: Condor Capital Advisors Inc.

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