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Distressed Asset Management

YARD, through the subsidiary YARD CAM, provides support and advisory services relating to judicial and out-of-court loan collection activities, support with the legal management of mortgage loans, in bankruptcy/insolvency and/or enforcement proceedings, with special expertise in corporate or top loan procedures.

 

Services relating to distressed property loans and UTP loans, addressed to Banks, Investors and all institutional entities, are targeted at the collection and valuation of secured loans, as well as the strategic repositioning and the marketing of repossessed assets or assets

 

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KEY FACTS 

Valuations and Due Diligence (Open Market Value)/2016-2017 two-year period: € 10.9 billion

Asset Under Management (Open Market Value)/2016-2017 two-year period: € 1.5 billion

NPL Due Diligence (Legal and Technical analysis + Real estate assessments)/2016-2017 two-year period: € 5,099 million

Real estate assessments for NPL Due Diligence/2016-2017 two-year period: € 3,137 million

Valuations of Distressed Asset/2016-2017 two-year period: € 2,504 million

Thanks to a flexible structure which allows all specific market needs to be met and the coordination of a widespread network of technical and commercial advisors present throughout the country, YARD CAM offers fully adjustable and tailor-made services and processes characterised by high levels of quality and efficiency.

 

YARD CAM employs specific web management tools to support all business segments which are able to optimise the management of all interactions between the network of external associates and internal staff, guaranteeing exchanges of information flows in real time.

 

YARD CAM operates in close synergy with YARD RE with reference to sales. The latter is, a company specialised in the purchase/sale and leasing of distressed properties, deriving from repossessed leases, NPLs, bank watch list loans and auctions, as well as the management, value enhancement and marketing of these.

 

Visit www.yardre.it

ACTIVITY

BASIC VALUATION

  • Localisation and photographic documentation
  • Return of a range of values relating to the different markets (market value, liquidation value, value in the judicial market)
  • Analysis of comparables and local market
  • Summary overview (number of transactions) and summary judgment on the market trend

ADVANCED VALUATION

  • Study and in-depth analysis of the technical-urban planning aspects
  • Complete property due diligence: administrative, building installation, environmental, legal, financial dd activities
  • Business Plan with identification of the different possible development scenarios
  • Drafting of a strategic and operating marketing plan

NPL DUE DILIGENCE

  • Legal analysis of loans and procedures
  • Technical analysis of guarantees and real estate assessments in the “tender” structure
  • Legal Business Plan with sensitivity analysis
  • Optimisation of the portfolio and support in the pricing phases

NPL MANAGEMENT

  • Post-acquisition due diligence and management Business Planning
  • Legal management of procedures
  • Analysis and monitoring of mortgages
  • Activation of the regional sales network for Auction Facilitation and out-of-court transactions

BUSINESS PLANNING

  • Verification of the consistency of the database
  • Hiring plan
  • Preparation of the Business Plan
  • Sensitivity analysis

SALES

  • Management of disposal of real estate assets
  • Support for the judicial collection of secured loans: Auction Facilitation
  • Support for the out-of-court collection of loans: from contact with the debtor to closure of the settlement agreement
  • market sale of the collateral with the consent of the debtor and properties repossessed through auction repurchase (REO transactions)

PRE-ASSESSMENT OF NPL PORTFOLIO

  • Analysis of the consistency of the available database and planning of in-depth analysis activities
  • Study of data and portfolio clustering
  • Verification of accuracy of the real estate assessments and sampling
  • Preliminary summary of the Business Plan and sensitivity analysis
  • First Risk Assessment and planning

REO PROCESSES

  • Support for the start-up and governance of a Real estate Owned vehicle (REOCo)
  • Legal, technical and commercial due diligence activities of a lot put forward in a REO transaction
  • Management of auction participation
  • Assumption of responsibility for the property and real estate services
  • Value enhancement and resale on the market
  • Portfolio monitoring, early warnings on assets at risk of depreciation, planning and management of activities and of approval committees

MANAGEMENT OF UNLIKELY TO PAY

  • Overall mapping of the portfolio and clustering of assets and positions
  • Property valuation
  • Strategic analysis and planning with identification of the best exit strategies relating to specific debtor situations and individual assets
  • Deployment, management and control of the sales network in the area, in order to implement the strategies identified

ADVISORY SERVICES FOR TRANSFER OF PORTFOLIOS OF SECURED LOANS

  • Mapping and clustering of mortgage loans by legal, judicial, real estate status
  • Valuation and Vendor Due Diligence complete with a sample of procedures
  • Definition and optimisation of transfer scope
  • Sampling for tender procedures
  • Preparation of the Data Room and support for the tender organisation

CREATION OF MIXED ASSET-LOAN FUNDS

  • Feasibility analysis: identification of banks interested in establishing a closed-end property fund
  • Assistance with fund set-up
  • NPL Due Diligence and property valuation
  • Business Plan and portfolio composition
  • Management of NPLs
  • Analysis and management of REO transactions targeted at contributions of properties to the fund
  • Real estate services, valuation and sale of properties on the free market

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