Real Estate Asset Management

1​‌‍‍‍‌‍‍‌‍‌‌‍‍‍‌‍‌‌‌‍​. What key decisions/actions should an Asset Manager make once it becomes evident a real estate loan will default? What internal and external issues may impact an Asset Manager’s decision to pursue a loan modification vs. a foreclosure? What is the difference between a foreclosure and a deed in lieu? 2. From the Lender position what is the significant difference between securitization financing and portfolio bank financing? What is the role of CMBS Special Servicing? What is the role of the B piece buyer? What is Defeasance​‌‍‍‍‌‍‍‌‍‌‌‍‍‍‌‍‌‌‌‍​? 3. Explain the difference between a distressed owner and a distressed property. What are typical benefits of acquiring a property form a distressed owner? How does the Federal Government influence lender/creditor decisions during a distressed market? 4. What are Asset Managers’ roles/functions in the disposition process? What is the importance of an exit strategy? What events may influence an Asset Manager’s hold/sell recommendation(s)? Why is it recommended to avoid spending significant time negotiating a Letter of ​‌‍‍‍‌‍‍‌‍‌‌‍‍‍‌‍‌‌‌‍​Intent?