St. Regis Monarch Beach
Dana Point, CA
Lender Services
Qualified Experts in Hotel Lending
hotelAVE assists hotel lenders engaged in special asset monitoring, workout, and foreclosure of hotel properties. We have developed SOPs and processes that have assisted over a dozen lenders in transitioning hotel real estate through foreclosure to REO in the current cycle.
Whether it is reviewing budgets, forecasting monthly cash flows/ shortfalls, conducting loan collateral reviews to assess issues impacting hotel loan performance, performing foreclosure due diligence, or ongoing asset management, our diversified backgrounds in commercial real estate, real estate workouts, appraisal, finance, and hotel lending and operations enable us to collectively consider challenges and opportunities from numerous perspectives and consequently recommend optimum solutions.
A sample of our service offerings include:
- Receivership
- Loan collateral reviews and lender strategies for a non- or under-performing loan
- Reviewing loan docs, SNDA, Comfort Letter, etc.
- Conducting surveillance
- Drafting or reviewing OSARs
- Reviewing appraisals (Michelle Russo is a designated MAI)
- Assisting with appraisal reduction amounts
- Providing support on the calculation of reserve requirements, cash flow forecasts, and monetary or technical defaults
- Adhering to clearing account agreements, lockboxes, SNDA’s
- Forensic analysis for recourse and breach claims
- Litigation support
- Strategies for disposition
Read about hotelAVE's Receivership services and experience.
As a result of our multi-disciplinary approach, hotelAVE provides more and better services to our Lender clients.