Mortgage Lending for Property Owners and Users

• Loan to Value: 60-65%
• Loan Term: Three years or less
• Origination Fee: 2 to 3 points
• Interest Rate: LIBOR plus 800 bp, interest only, with a LIBOR floor of 4%
• Loan Amounts: $1 million to $5 million; larger loans considered on a case by case basis
• Collateral:
  • First lien on owned real estate, industrial and retail properties; secondary interest in office buildings
  • No hospitality, residential, raw land, or medical facilities considered
  • Major metropolitan markets preferred; significant secondary markets, possibly tertiary markets. No small towns or rural communities will be considered
  • No Personal Guarantee of Financial Covenants required

Property and Portfolio Evaluation

• Estimate current market rent and/or sale value of property
• Estimate time required to liquidate property
• Identify potential alternative use scenarios to maximize property value

Strategic Planning

• Establish plan for store and plant closings and/or continued operation
• Recommend "financial restructuring" of real estate assets (e.g., sale-leaseback, financing or subleasing)
• Recommend professional firms to be retained by client (or as Atlas subcontractors)

Consulting

• Evaluate fee and leasehold properties
• Oversee lease renegotiation and termination agreements
• Develop and implement plans of action to maximize recovery of value from real estate

Capital Structure

• Provide real estate financing
• Structure sale-leaseback transactions
  • Assess balance sheet effect of transaction
  • Structure partnership agreement if applicable
  • Negotiate lease, mortgage and purchase assignments
  • Obtain multiple bidders for the transaction
  • Conduct/oversee property investigations and third-party reports

Implementation or Disposition

• Hire and manage broker(s) to dispose of properties nationwide
• Act as broker for local properties
• Hire and/or manage title, survey, appraisal, physical and/or environmental studies
• Direct and/or conduct sale, lease or sublease negotiations; conduct auctions
• Review legal documents and recommend deal changes
• Conduct financial analysis of possible transaction structures
• Buyout or lease terminations
• Rent reduction negotiations

Commercial Brokerage

• Manage leasing, subleasing and sale of commercial and income-producing property

Expert Witness Services

• Offer reports and testimony

Receivership Services