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TT Lender Solutions analyzes your portfolio, and manages completion or assists with disposition of stalled or abandoned construction projects.
We are at an unprecedented time in the American Real Estate Industry. Property values are down and foreclosures are up. With builders going out of business, or projects being stalled — or worse yet — abandoned at an alarming rate, TT Lender Solutions has emerged as the most experienced service provider in the construction arena. We can provide analysis of the projects in your portfolio and manage the completion of construction projects designated to be finished. And we offer opportunities to remove undesirable properties off of your books to turn them into cash.
The TT Lender Solutions recovery rates speak for themselves: $100's of millions in revenue achieved for our clients by turning non-performing assets into cash. TT Lender Solutions has expertise in these seven critical areas:
TT Lender Solutions has expertise in these seven critical areas:
• Construction Loan Loss Mitigation
• Construction Loan Administration
• Construction Project Analytics
• Construction Loan Modification Facilitation
• Stalled Construction Project Management
• Defaulted Portfolio Acquisitions
• Portfolio Exit Strategies
Construction Loan Loss Mitigation
Lenders are carrying portfolios containing partially complete, non-performing construction loans, making it critical to have a source to help turn those loans into fully-performing, salable loan assets. TT Lender Solutions has the expertise to determine if the project can be salvaged, the home constructed and the mortgage converted. In cases where realizing the full value is just not possible, TT Lender Solutions can help the lender recover maximum value from the loan asset, or turn a stalled construction project into revenue. TT Lender Solutions has had impressive success in loan/borrower resolution, exploring all options, organizing solutions and implementing plans to bring about the efficient completion of building projects to the benefit of all involved parties.
Construction Loan Administration
TT Lender Solutions handles the complexity of the construction administration process saving you overhead costs and providing you the ability to grow your business rapidly. We will handle the draw coordination. As the Administrator, you retain financial control by cutting the checks and paying the draws. TT Lender Solutions will handle all of the numerous details in the construction process, including inspections, waivers, verification of insurances, performance bonds, lien clearance, builder evaluation/approval and much more. Contact us for detailed information about our streamlined process that will lower your construction administration overhead and start improving your bottom line immediately.
Construction Project Analytics
Our experienced staff and state-of-the-art technology can provide you with the information you need for the construction assets in your portfolio. Project overview, status reports, productivity reporting, budget/financial assessments (current budget, pending changes, forecast budgets), and real estate market analysis and forecasting are just a few of the many services we offer to assist you. We can also assess and offer options regarding the completion, salvaging or demolition of projects that are stalled or abandoned.
Construction Loan Modification Facilitation
TT Lender Solutions works with you to analyze and implement loan restructuring to prevent further losses and extract maximum recovery dollars for your financial institution. When you have a construction project that is partially completed and in danger of stalling or being abandoned, contact TT Lender Solutions. We can work with you to acquire non-performing construction-to-permanent loans and alleviate your portfolio challenges.
Stalled Construction Project Management
TT Lender Solutions offers aggressive and insightful service for lenders with stalled construction projects on their books. TT Lender Solutions has had impressive success in exploring all options, organizing solutions and implementing plans to bring about the efficient completion of building projects to the benefit of all involved parties. Our experts can quickly step in to the situation, outline the necessary steps to propel the project forward, and coordinate the administration and labor to convert the project from incomplete to salable asset. TT Lender Solutions will represent the financial institution and oversee the contractor and sub-contractors to keep costs low, while maintaining quality and adherence to local codes.
Defaulted Portfolio Acquisitions
Lenders are carrying portfolios containing partially complete, non-performing construction loans, making it critical to have a source to help with those portfolio challenges. We offer opportunities to remove troubled assets from your portfolio, with a specific interest in purchasing non-performing, first lien, construction to permanent loans, including partially finished construction. We have effective means to help you remove undesirable properties off of your books and turn them into cash. For more information about the TT Lender Solutions expertise, please refer to the Distressed Portfolio Services information.
Portfolio Exit Strategies
TT Lender Solutions combines experience and streamlined procedures to help move your construction loans into positive cash flow. The experts at TT Lender Solutions have the experience and insight necessary to handle stalled or abandoned construction projects for you. Our goal is to extract maximum recovery dollars for your institution, even in those cases where completion of the construction project is not feasible.
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