Park Bridge provides a range of services to portfolio lenders, CMBS and CLO issuers, subordinate bond buyers and conduit lenders. We have conducted loan reviews, operational assessments and loan valuations of performing and non-performing loan portfolios for money-center banks, community banks and life companies. We currently maintain the country’s largest CMBS Operating Advisor portfolio, providing surveillance and oversight on behalf of CMBS certificate holders.
The Park Bridge team has complementary skills and many years of portfolio lending, capital markets lending, workout experience and loan sale experience, enabling it to provide experience-based advice and execution on matters involving:
Trust advisory services
Litigation support and expert testimony
Transaction management
Foreclosures and enforcement of remedies
Fair value estimates for portfolio loans and CMBS loans
Management consulting
Park Bridge Financial, through its Park Bridge Lender Services subsidiary, maintains the country’s largest operating advisor and asset representation reviewer portfolios, providing conflict-free, sophisticated surveillance and oversight on behalf of all CMBS certificate holders up and down the capital stack.
As Operating Advisor, we surveil all trust loans, maintain a comprehensive watch list, review special servicer asset status reports, major decision reporting packages, perform annual reporting on designated trusts and perform math checks on appraisal reduction amount and net present value calculations.
As Asset Representations Reviewer, we stand ready to aid CMBS trusts in complying with Regulation AB Item 1101 by reviewing and testing CMBS loans for compliance with all lender representations and warranties made at loan origination. The process is triggered if-and-when trust delinquencies reach regulatory thresholds and requires Park Bridge to be free of conflicts and unaffiliated with the trusts’ depositors, borrowers, servicers, trustees and due diligence providers.
Park Bridge has directly and, as part of larger assignments, specially serviced, advised lenders and valued hundreds of commercial real estate loans, including: defaulted/distressed loans, construction loans, fixed-rate and floating-rate first and second mortgages, land loans and mezzanine debt. Our partners have led efforts on billions of dollars of CRE debt workouts, foreclosures and bankruptcies for institutions both as employees and advisors during every real estate cycle since the late 1980s.
Park Bridge values distressed debt and REOs by applying real estate credit fundamentals, capital markets knowledge and detailed pricing analytics. Because Park Bridge covers hundreds of active commercial real estate debt investors, we can provide lenders with up-to-date price guidance, transaction structures and market trends.
Park Bridge provides lenders and their attorneys with litigation support and expert witness testimony. As subject matter experts we guide litigation attorneys through the complexities of CMBS, syndicated debt and servicing practices. Past assignments have included securitization and special servicing practices, use of net present value in special servicing, loan syndication practices and complex debt structures.
Our litigation support services include, but are not limited to:
Review of materials, including pleadings and transaction documentation;
Tactical and strategic discussions with litigation attorneys;
Preparation of an expert report including our analysis and opinions;
Review and rebuttal of other expert witness reports, if required;
Deposition testimony, if required
Trial testimony, if required.
