Spring11 has the scale to support the world’s largest commercial real estate transactions and the flexibility to provide customized solutions for our clients at a cost that’s lower than our competitors.

• Underwrote a $400 million loan secured by an 864,000 SF Class A office building with ground-floor retail in Manhattan

• Built detailed reimbursement calculator based on CAM recs, leases/abstracts, and manager feedback during the budget review

• Reviewed third party reports and provide commentary

• Completed detailed credit committee memo and supported b-buyer questions and securitization team in circulating ASR

• Underwrote a $225 million condo-inventory loan for the unsold portion of a newly redeveloped, 167-unit luxury residential building located in Manhattan. The loan was collateralized by 71-unsold residential units and 20,000 square feet of commercial space as well as a parking and storage component.

• Managed receipt and tracking of due diligence items and the corresponding checklist.

• Abstracted purchase contracts and actively tracked sales activity for the purpose of determining pricing trends and the final collateral at closing.

• Reviewed and abstracted third party reports.

• Completed a detailed credit committee memo highlighting underwriting and due diligence findings that were supported by unit pricing sensitives, select sellout and breakeven analyses, market research, etc.

• Provided re-underwriting of seasoned loans, data tapes, securitization ASRs, and term sheets for a $1.2bn CLO comprised of 25 loans

• Compiled inventory of files and setup/managed Intralinks

• Aggregated prelim data tape and comforted accounting tape and term sheets with attorneys, clients, and accountants to clear exceptions

• Reconciled the Rent Roll / Argus Rent Roll / Lease Abstracts for a 16-property portfolio acquisition with over 300 tenants

• Performed a comprehensive Review of the Recoveries which will include a full review of the Seller's source documents and billings to tenants. Includes pro rata shares, Base Years and Amounts, Caps, Gross-Ups and exclusions against the Lease Abstracts. Review the Argus model to be certain the future recoveries and pools are working properly.

• Identified Termination and Contraction Options and below market Renewal Options.

• Document/quantify the results of any discrepancies in supporting Excel Audit Schedule.

• Underwrote 110 loans across all asset classes for a $1.5bn securitization in a three-week timeframe

• Conducted extensive due diligence, including site visits to each property and local broker interviews for each market represented

• Presented each deal to the client's in-house credit committee

• Provide high-touch debt and equity asset management services for a broad range of both institutional and non-institutional clients spanning billions in invested capital across all commercial real estate asset types.

• Client engagements are customized to meet clients specific needs, including, but not, limited to:

  • Full service asset management and loan servicing on a construction debt portfolio with total capitalization over $2 billion made up of large, syndicated loans on trophy assets

  • Full service asset management and asset reporting for a portfolio with UPB of $6.7 billion made up primarily of bridge debt

  • Equity asset management services for a client portfolio made up of predominantly multi-tenant office/retail assets. Services include property management oversight, generate CAM recs and lease abstracts to manage tenant billings, and leasing oversight.