Serving Clients / Lenders
Lenders – banks, insurance companies, mortgage companies, pension funds – are in the mortgage and finance industry, not the building industry. Often a lender will “take back” a property on which it had a mortgage and then want to assess its physical condition and its market position as a means of disposing of it in the most expeditious manner possible.
This is where C3 unique financial/technical combined experience comes into play. We can help the new owner not just asses the physical condition of the property but determine how its market position can be improved most effectively – thus meaning it can command a higher price when sold.
Due Diligence Aspect for Lenders
Due Diligence is as crucial for lenders as for those buying equity stakes in buildings. As part of our Due Diligence work for lenders, we review the design plans and construction budget to opine if the scope of work is sufficient to meet the projects goals, and if the budget is adequate to complete the work, before the loan is funded. Our professionals revel in being on site, getting their hands dirty, when evaluating an existing property proposed for renovation. Our Due Diligence practice is known worldwide, due largely to our unique combination of technical and business know-how.