Valuation & Advisory Retail Capabilities

DILIGENCE ADVISORY Our Diligence Advisory Group specializes in the

Terri Magnani Senior Managing Director Diligence Advisory Valuation & Advisory +1 212 713 6772 terri.magnani@cushwake.com

underwriting of real estate and other collateral for debt and equity positions, portfolio acquisitions, and internal credit/risk management analysis. Benefiting from our cross-disciplinary approach, we create value during the acquisition diligence stage and limit risk on debt and/or equity investment. Our experience enables us to provide an array of advisory services that are compatible with our clients’ investment considerations and strategy. We work with our clients to customize a work product on one-off assets or portfolios that meet their specific needs in a timely manner. Our Services: • Agency underwriting • ARGUS modeling • Bank target advisory & due diligence for M&A • Balance sheet/CMBS/ Subordinate debt underwriting for lenders and equity investors • Credit/Risk management • CRE advisory • Data benchmarking • Debt asset management • Desktop “second opinion” • Due diligence for acquisition/financing • Loan portfolio

underwriting & due diligence • Loan restructuring • Loss sharing analysis and advisory • Ongoing loan/Risk rating review and reporting • Quarterly surveillance/ Loan administration • Third-party management and review

• Financial modeling • Lease abstraction • Loan file data aggregation

• B-Piece underwriting • CCAR/DFAST stress testing & cash flow modeling • Cost/Benefit analysis for property relocation