capabilities overview - cbre...cbre provides comprehensive valuation, advisory and consulting...
TRANSCRIPT
For more information visit cbre.us/valuation
CBRE provides comprehensive valuation, advisory and consulting services for real estate owners, investors and lenders, combining our specialized expertise and premier technologies to deliver industry-leading valuation reports and analysis.
Our commitment is to provide accurate, timely, technically-superior appraisals to better serve our clients. We have built our business philosophy on the premise that client satisfaction is our number one priority. We continually strive to meet our clients’ needs through the education of our professional staff, industry-leading technology and unsurpassed information resources available through the worldwide CBRE network.
Loan Valuation Group The CBRE Loan Valuation Group blends the regional real estate expertise of over 800 valuation professionals in our 100+ offices nationwide with the extensive financial accounting knowledge of the CBRE Financial & Tax Reporting Services Group and the debt market insight of the CBRE Capital Markets and Loan Sale Advisory Groups to provide our clients with the highly-supported loan value estimates.
The team is managed by Kyle Redfearn, MAI, Senior Managing Director, who is based in Dallas, Texas, and has served a national role for the firm as the leader of its Financial & Tax Reporting Services Practice for the past 10+ years. Prior to joining CBRE, Mr. Redfearn was the leader of the real estate valuation group in the Tax & Financial Reporting Practice at Houlihan Lokey Howard & Zukin. Before that, Mr. Redfearn was Senior Manager at Deloitte & Touche focusing many of his 12 years conducting financial and tax reporting valuations and assisting Deloitte audit teams by acting as a valuation review specialist for work done by others.
Also leading this group is Paul Tibbit, Esq., a licensed attorney and certified commercial real estate appraiser with 10 years of real estate valuation and legal services experience. Mr. Tibbit has performed real estate valuations for a wide variety of property types, has extensive experience with loan valuations, and offers specific expertise in construing language in loan documents and applying that language to cash flow models.
CONTACT Kyle Redfearn, MAI Senior Managing Director +1 214 979 5686 [email protected]
LOAN VALUATION CAPABILITIES OVERVIEW
CBRE VALUATION & ADVISORY SERVICES
Our Services To best meet the needs of our clients, the Loan Valuation Group offers whole loan valuations, as well as CMBS position valuations and a variety of consultative services such as yield rate projections for various property types at different LTV thresholds.
Our whole loan valuations include a market value estimate of the underlying collateral, a cash flow model based on the collateral’s projected performance and the specific payment structure indicated by the loan documentation, and a market-derived discount rate applied to the projected cash flow stream to the note holder. The selected discount rate is supported by a detailed debt market analysis that considers current trends in lending standards, CMBS issuances and spreads, new loan issuances and spreads, loan acquisition statistics, and investor loan yield rate expectations based on interviews with brokers, buyers and sellers of whole loans collateralized by real estate. Our loan valuation specialists are available to provide additional support with auditor reviews and litigation support, as needed.
Portfolio Valuations The Loan Valuation Group utilizes the Single Point of Contact (SPOC) system for multi-property, multi-market portfolios. This system gives clients a central source for assignment coordination, product consistency and report delivery. The Loan Valuation Group staffs experienced real estate appraisers in all markets across the United States.
Loan Valuation Experience The CBRE Loan Valuation Group has recent experience valuing loans with the following characteristics:
• Cross-collateralization • Equity kickers • Fixed rate • Floating rate • IRR look backs • Mezzanine position
• Non-performing • Performing • Senior position • Sub-performing • Waterfall distributions
Our reports have been used for financial reporting, investment portfolio monitoring probate matters, and alternative dispute resolution. Our business goal is to provide our clients with a high-quality product on a timely basis at a reasonable cost.