RESG provides on-site mortgage due diligence and property inspection services for "Serious"; lenders, loan servicers and investors on commercial loan collateral in Southern California.  The property types include all commercial and income property categories (i.e. industrial, office, retail multifamily, mobile home parks, hospitality and special purpose properties)

RESG’s primary service area is Southern California (Los Angeles, Orange, San Diego, Riverside and San Bernardino Counties).

All work is performed, or supervised by, Tom McMahon who has more than 25 years of commercial real estate mortgage experience with major financial institutions and government agencies.  His industry experience has focused on the direct asset management responsibilities for non-performing loan collateral and REO properties.  Tom is also a licensed Commercial Real Estate Appraiser (Certified General) in the state of California.

Our Commercial Property Inspection - Performing Loan (PL) collateral is a current quality assessment of the Property.  We use a modified Commercial Mortgage Securities Association / Mortgage Bankers Association (CMSA / MBA) Standard Inspection Report format.  This PL quality assessment focuses on the property’s characteristics and its current level of competitiveness.   The purpose of this quality assessment is to update the Lender’s in-file data on its performing loan collateral with current: on-site observations, most recent operating data, estimated competitive set and local sub-market trends.

Note: The above Commercial Property Inspection Report is also the format used by RESG for the Lender's typical Annual Property Inspection Report on its performing loan collateral.

Our Commercial Property Inspection - Non-Performing Loan (NPL) collateral is a current quantitative assessment of the Property's economics with a specific focus on its occupancy and cash flow.  This NPL quantitative assessment will include a review of the Borrower's business plan, current net operating income (debt service coverage ratio) and projected net operating income (market absorption rate). The purpose of this NPL assessment is to enhance the Loan Servicer’s decision making capability with the most current underwriting economics, on-site observations, leasing in progress and local sub-market trends.

In summary, RESG's on-site Property Inspection and Due Diligence services include:

            Commercial Property Inspections - Performing Loans
            Commercial Property Inspections - Non-Performing Loans
            Secondary Mortgage Market Investor Diligence
            Construction Progress Inspections
            Casualty Loss Inspections
        
            Specific Request(s) for on-site verification of the following underwriting tasks:
                   Assumption Diligence
                   Modification Diligence
                   Consent or Waiver Diligence
                   Pre-Loan Closing Condition Diligence
                   Post Loan Closing Compliance
                   Watchlist Threshold Diligence
                   Earn-Out Milestone Diligence
                   Partial Release (Partial Reconveyance) Diligence
                   Verification of Physical Occupancy
                   Review of Borrower Submission(s)
                   Review of Sub-Market absorption and rental surveys
                   Verification of Tenant Improvement Activity
                   Review of existing Deferred Maintenance
                   Review of recently cured Deferred Maintenance
                   Verification of Capital Improvement Activity
                   Obtain Asset Specific Rent Rolls, Operating Statements and
                        other Documentation from the Borrower
                   Open - Other Specific Requests for underwriting diligence