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| Many
holders of mortgage-backed securities or holders of whole loans
are now facing the reality of significant defaults and the
declining value of their collateral. Holders with
leveraged positions face significant risk and must realistically
address the current value of their securities and underlying
loan assets.
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| Freudenheim
Graves, Inc. provides asset and portfolio management services to
investors who purchase and hold mortgages and mortgage-back
securities. Our clients typically
are seeking to solve problems related to specific non-performing
assets or to reduce delinquencies of entire portfolios of loans.
Our experience dates from the RTC era and includes CMBS special
servicing and asset resolutions involving complex bankruptcies
and large consensual workouts.
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Asset Valuation
and Portfolio Modeling |
| The periodic
re-valuation of mortgage assets is essential in order to
accurately depict their value under changing market and credit
conditions. FGI assists its clients in determining a
realistic market value of individual investments by stress
testing cash flows and determining the most likely performance
outcomes under a variety of possible market scenarios. Our
analysis helps mortgage holders determine individual asset
strategies and helps provide an early warning of assets that are
likely to under-perform should market conditions become
unfavorable. |
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Buyer-side Due
Diligence for Acquisition of Distressed Debt |
| FGI assists
purchasers of distressed debt by directly performing due
diligence on an asset-by-asset basis, by supervising the due
diligence of third party contractors and by developing cash flow
models at the asst and portfolio level. This analysis
enables purchasers to develop realistic bid prices for acquiring
individual distress assets and entire portfolios. |
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Asset
Surveillance and Special Servicing |
| FGI's asset
management systems enable its clients to constantly monitor
asset performance and to respond appropriately to resolve assets
designated for special servicing. Much of the special
servicing function involves the management of third party
professionals, e.g. attorneys, property managers, brokers, and
others. FGI has more than twenty-five years in supervising
teams of professionals and delivering effective asset resolution
strategies.
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Direct
Intervention in Sub and Non Performing Assets |
| There are
times when nothing short of direct intervention in the
day-to-day operation of real estate assets will do. FGI
has extensive hands-on experience in completing residential and
commercial development projects, project marketing, leasing, and
ongoing property management. |
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