Loan Underwriting

Situs supports all activities involving loan assumptions, including mezzanine debt, preferred equity and other complex transactions. As a leading provider of due diligence and loan underwriting services, we understand the importance of completing the assumptions process in a timely and accurate fashion.

We also have established relationships with ratings agencies, property owners and servicers that allow us to expedite the loan assumption process. Our reports are detailed and formatted according to client specifications, and we remain in constant dialogue throughout the assumption process. This helps ensure there are no surprises when the final report is delivered.

Our complete line of assumption services includes:

• Client-specified credit narrative
• Analysis of current and proposed borrower/guarantor
• Management company analysis
• Property description and market analysis
• Current and historical operating statement review (OSAR)
• Escrow / reserves analysis
• Review of pooling and servicing agreements; Purchase and sale agreements; and Loan documents
• Third-party review
• Rent roll analysis; Tenant review; Rollover analysis
• Underwriting analysis
• Conditions for approval