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PERMANENT LOAN UNDERWRITING PROJECTS
*A representative list of Permanent Loan Underwriting Projects
Office Building, Palo Alto, California
The client was a Los Angeles based private equity lender who intended to make a loan to a residential apartment developer acquiring a multi-tenant office building fronting El Camino Real. The loan was to facilitate the developer’s efforts to gain entitlements to re-develop the property into 250 units of residential apartments. Although a full underwriting of the office building was conducted, a significant amount of time was devoted to developing development projection models quantifying potential land values under a re-development scenario.
Hotel Theodore, Seattle, Washington
The client was a Los Angeles based private equity lender very experienced with hotel operations and lending. The consulting effort focused on a granular review and analysis of the property appraisal and other third party reports, along with a detailed review of past operating performance and trends. Questions for clarification were posed to the borrower and incorporated into a thorough narrative review of the collateral and the structure of the loan.
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