The client required an in-depth review, valuation and analysis from a 3rd party in order to obtain a cash out refinance on their portfolio of various assets. Rhenium was the ideal solution, as appraisers and traditional brokerage shops do not typically value both fee simple and the market value of non-performing loans.
We reviewed all of the pertinent data, including appraisals, environmental reports, loan and legal documents. We also ran our own analysis of value of the fee simple assets, as well as both the fee and note market value for the non-performing loans.
Findings were presented to the client, who then utilized them to obtain a cash out refinance.