The UCM Process
Urban Commercial Mortgage has a smooth application, underwriting and closing process from beginning to end.
The following outlines our approach:
Qualify the Transaction: |
Pre-qualify investment and sponsor, aggressively testing assumptions and capabilities to gauge risks and set expectations. |
Define Financing Objectives: |
Identify client needs and financing alternatives. Establish acceptable parameters such as capital structure, target financing amounts and other terms such as pricing, prepayment, timing, recourse, covenants, etc. |
Analyze the Asset: |
Gather relevant data on the subject property and conduct preliminary financial analysis. |
Conduct Market Research: |
Validate and update our knowledge on the market including conducting a physical tour, gathering market diligence, and reviewing the provided project information. |
Market the Transaction: |
Present the investment opportunity to our group of potential financial sources. Distribute materials to authorized representatives in both electronic and hard-copy format. Answer underwriting questions in great detail on behalf of the client. |
Present Alternatives: |
Summarize and catalogue alternatives that satisfy the client’s financing objectives, recommending the most beneficial solution. |
Alternative Funding: |
Maintain a ready standby list of financing sources in the unlikely event that unforeseen circumstances obstruct timely closing. |
Process Financing: |
Negotiate the financing application and loan documents and loan agreements. Coordinate the due diligence process and close the transaction. Interface with title, escrow, attorneys, etc to assure a smooth closing. |