Purcellville, Va.-based Lowers & Associates (L&A) has formally introduced its new Commercial Mortgage Asset Management (CMAM) workout and loan restructuring services.
L&A will provide commercial mortgage asset management and workout solutions to financial institutions nationwide, focusing primarily on assets in bankruptcy and real estate owned (REO). The firm's team of commercial real estate asset managers will work with banks' in-house staff and counsel to develop management, restructuring, and/or disposition plans for each loan or REO asset, L&A says.
The CMAM services include review of existing third-party reports, internal credit and loan review memorandums, interviews with the institutions' responsible personnel, review of the property's market (including localized demand for space or units), and site inspections. L&A's team utilizes this data to develop an asset management plan for each asset, with implementation guided by the lender, the company adds.
SOURCE: Lowers & Associates