Investor Presentaiton
Life Cycle of a Loan Investment
ORIGINATIONS AND OPERATIONS PROCESS INVOLVES CONTINUOUS COMMUNICATIONS ACROSS THE COMPANY
FROM DEAL SOURCING THROUGH ASSET MANAGEMENT
Sourcing
Underwriting
Closing
Financing
Ongoing Asset
Management
Diversified sources
•
Originators are also
of loan-level
financing
asset managers
•
While we contract
.
Broad industry
relationships with a
variety of market
participants
Multiple touch
points on a given
transaction
Members of the Investment Committee involved throughout
Underwriting is
done in-house and
focused on
collateral and
sponsor analysis,
business plan
review and exit
•
•
Negotiate term
sheet detailing key
investment terms
Engage select group
of experienced law
firms to help
negotiate loan
documents
•
•
strategy
.
Daily meetings to
•
Engage third party
appraisers,
•
Structured
•
Closely coordinate
financings
•
review pipeline or
screen potential
opportunities
Members of the
Investment
Committee get
involved early
•
engineers and other
consultants
Visit each property/
local market before
closing
internally on
financing, treasury,
tax, legal,
accounting and
other areas
Multiple financing
facilities with large
financial institutions
CRE CLOS
with third party
servicers to
administer the
loans, the deal
teams retain key
decision-making
authority on major
property items
(budgets, lease
approvals, etc.)
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