Sep 28 2010
Granite Commercial Management (GCM) is a bronze sponsor and is exhibiting construction risk management services for distressed real estate at the Information Management Network’s 2nd Bank & Special Asset Executive Forum on Distressed Real Estate, September 27-28 in Los Angeles, Calif.
GCM will showcase new and proven construction lending risk management services to assist Lenders with auditing their real estate loans, as well as managing construction workouts for distressed assets. Highly sought after for their construction expertise and innovative online technology, GCM provides risk management services for a range of clients including commercial construction lenders, community banks, SBA lenders, credit unions, and regional and national banks.
GCM’s most popular new service, Property Condition Assessment Reporting (PCAR), addresses the need of lending institutions, insurance companies and portfolio lenders to visualize and audit their portfolio of real estate loans. This service assists lenders in making critical decisions concerning the properties in their portfolios and satisfies the lender’s auditors and regulatory obligations. As with GCM’s other reports, this PCAR provides photos, analysis and investigative services that the client may not have the time or ability to do. The PCAR may be utilized as a due diligence report on an annual basis. Specifically the PCAR analyzes the site, foundation, superstructure, HVAC, key elements of construction, safety issues, neighborhood, rent rolls, and outlines the strengths and weaknesses of the property.
GCM offers a full range of services including Special Asset Construction Workout Services, Residential and Commercial Property Inspections, Property Preservation and Monitoring, Contractor Replacement, Project Underwriting, National Title Datedown and Permit Status Search, Funds Administration, Budget Feasibility, and Mechanics’ Lien Law Statutory Compliance.
GCM will be located in the exhibit hall at the Information Management Network’s 2nd Bank & Special Asset Executive Forum on Distressed Real Estate. Stop by the exhibit hall September 27 and 28 to learn how GCM can protect your investments from fraud and mitigate construction risk.
Source: http://www.granitecm.com/