PricewaterhouseCoopers’ professionals are experienced in the securitization of public and private real estate assets and can assist clients throughout the entire securitization process.
PricewaterhouseCoopers has completed due diligence and financial analysis on numerous large portfolio transactions, spanning the spectrum of real estate from office, retail and multifamily to land, industrial, hospitality and health care properties. These portfolios have consisted of performing, nonperforming and sub-performing assets, including whole loans, participation interests and REO. Our real estate professionals have performed extensive analysis on performing and nonperforming commercial real estate portfolios resulting in securitization or bulk sales. Furthermore, our clients count on us for insightful analysis that blends an understanding of their needs with an understanding of the capital markets and the complexities of the securitization process. Our services include:
Due diligence for buy-side and sell-side entities
- Loan underwriting
- Residual valuations
- Performance tracking
- Database verification
- Market research
- Asset valuation
- Rating agency presentations
- Property inspections
- Financial statement audits and reviews or agreed upon procedures
Comfort letter related services
- Collateral stratification modeling, price/yield sensitivity analysis and transaction structure modeling
- Loss and prepayment modeling
- Transaction reporting
Tax services
- Tax scenario modeling
- Initial stock and debt offering structures
- Financial model preparation
- Taxable income projections
- Tax effect evaluations
- Tax form preparation
- OID calculations
Transaction structuring
- CMBS alternatives (REMICs, FASITs , Grantor Trusts)
- Tranche analyses
- Pricing and terms
PricewaterhouseCoopers combines securitization expertise with capital markets capabilities, due diligence acumen and optional financial transaction structuring.
