Loss mitigation services for financial entities engaged in commercial lending
What we do
We provide distressed credit management, including the following:
● Negotiating new Loan Agreement(s) terms and conditions
● Negotiating Forbearance Agreement terms and conditions
● Coordinating the documentation and the closing process using in-house or outside counsel
● Managing the foreclosure process (judicially or via advertisement)
● Managing Borrower and/or Guarantor collection efforts through legal proceedings
● Managing collateral repossessions and disposition of collateral assets
● Managing ORE properties, including property management and managing the property listing and sale process
Our approach
We provide distressed credit management through two approaches:
● SAS represents the lender as an extension of the lender’s staff, taking full management of the loan relationship and performing all of the necessary tasks needed to reach the goal(s) of the lender. This approach offers the lender an efficient workout strategy that minimizes the time commitment required of in-house staff.
● SAS provides the lender with a consultative engagement by assisting the lender with the workout process, providing recommendations, guidance, and support while the lender performs many of the day-to-day activities, using in-house staff. This approach assists the lender in developing their workout strategy while educating and providing experience for in-house staff, reducing third-party expenses.