Lowers & Associates Announces New Commercial Mortgage Asset Management Services at ABA Insurance Risk Management Annual Forum in Naples, Florida

PURCELLVILLE, Va., Feb. 9 /PRNewswire/ -- Lowers & Associates (L&A) is pleased to announce its new Commercial Mortgage Asset Management (CMAM), Workout & Loan Restructuring Services at the American Bankers Association (ABA) Insurance Risk Management Annual Forum in Naples, Florida this week.  

With the new CMAM service offering, L&A will provide commercial mortgage asset management and workout solutions to financial institutions nationwide.  A primary focus of the service is the 'problem asset,' including those in bankruptcy and hard to liquidate REO assets.  L&A's team of experienced commercial real estate asset managers will work with a banks' in-house staff and counsel to develop viable management, restructuring, and/or disposition plans for each loan or REO asset.  The L&A Advisory Team is led by John Kovarik, a veteran commercial real estate finance executive with 25 years of asset management, restructuring and advisory experience.  

The CMAM service brings a holistic, independent point-of-view to the management of each loan or REO asset, including the review of existing third-party reports, internal credit and loan review memorandums, interviews with the institutions' responsible personnel, and review of the property's market including localized demand for space or units, as well as a site inspection.  L&A's team utilizes this data to develop an asset management plan for each asset, with implementation guided by the lender.

The benefits of the CMAM service to financial institutions are numerous and include cost containment, local, regional, and national market expertise, as well as the ability of the client to engage L&A selectively on those 'hard to manage' assets, including partially completed projects and defaulted construction loans

Construction Loans

Construction loans provide their own specific challenges.  The L&A Advisory Team utilizes experienced construction inspectors and managers, in tandem with our staff of forensic accountants [when necessary], to provide a full and accurate cost to complete any project.  Our construction management and monitoring professionals ensure that any future funding is underwritten with the asset management goals in mind, documented correctly, and available for funding on-time.  For land loans, we independently review the entitlement status with a view toward marketability of the asset, as well as cost to complete final entitlements and make the site 'shovel ready,' all within the context of reflecting the position of the asset in the market and development cycles.

Advice within a Complex Market

The L&A Advisory Team has extensive expertise in acquisition, development, and construction (AD&C) loans and collateral, hospitality and gaming assets, and portfolio sales and liquidations.  Our staff of experienced and capable asset management professionals averages over 15 years of full-time commercial real estate experience.  Our group has real world experience and recognizes that while real estate is a long-term asset, it has short-term profitability, management, and regulatory implications.  Our professionals are experienced across the multiple and varied real estate cycles of the last 25 years and have worked with every major commercial property type in most domestic markets.  

Our goal at L&A is to provide our customers with a full complement of asset management and disposition services, cost effectively and in compliance with their internal and regulatory guidelines, with the objective of generating the greatest recovery on a net present value basis.  At all times, our team works collaboratively with our client to design, develop, and implement solutions that help meet the financial challenges that their organization faces in today's complex and changing commercial mortgage marketplace.

About Lowers & Associates

Lowers & Associates is an independent, internationally recognized provider of risk management and loss prevention services to the Financial Services sector.  In addition to the CMAM service, L&A offers a complete range of risk management and loss prevention services to the Banking Industry, including specialized IT Risk Management and Crime & Fidelity related risk mitigation services.  Over the years, L&A has partnered with many insurance companies, insurance brokers, and insureds directly to assist in the mitigation of business, operational, and technology risks on both a proactive/pre-loss and reactive/post-loss basis.  See us on-line at www.lowersrisk.com.

SOURCE Lowers & Associates