CMBS conduit loans require quarterly and annual financial reporting that must be provided to the loan servicer. In addition, to draw funds from reserves requires substantial documentation for the draw to be approved. Many CMBS borrowers find the reporting requirements a burden and prefer to spend their time managing their properties.
Many of our clients have reached out to us to manage the quarterly and annual financial reporting and reserve draws. We have provided reporting services for several years at the request of our clients. We are now formally opening this service to new and existing borrowers who want to hand off servicer reporting to ValueXpress. We know exactly how to prepare a complete servicer-reporting package, so our clients can rest easy knowing they will no longer receive annoying overdue/incomplete notices from loan servicers.
Here is a summary of services:
The term of services is one year, renewable annually. The annual fee for this service is $2,500. If you are interested in signing up for this service, contact Mike Sneden (firstname.lastname@example.org; 212-883-6447) or Gary Unkel (email@example.com; 212-883-6475).