In a turbulent world there is increasing need to stay close to both customers and properties through the loan life cycle. We can work with your teams helping to identify potential risks early on and then acting swiftly before things have a chance to deteriorate further. We can make an assessment of the borrower’s proposed exit strategy and report back on its feasibility, give an up-to-date valuation on the property and provide a report with recommendations.
Guided by your priorities BridgeShield can review singular or multiple cases within the portfolio that are causing concern, undertake property inspections and even meet with borrowers in order to help anticipate potential problems as early as possible. Typical trigger points for a review may include Loans nearing end of term, non-communicative borrowers, high LTV cases, difficult borrowers, unique properties and properties with on-going development works, any of which could be cause for concern.
We are inherently flexible and our services can be adapted to include the following:
A recent example; a bridging loan customer become suddenly non-communicative mid-term, spurring the lender into instructing us to make contact with the borrower and undertake an external inspection of the property. Upon visiting we noticed the property was undergoing extensive building works that the lender had not consented to, which constituted a material breach of the loan agreement conditions. It was deemed necessary by the lender to proceed to receivership and the full debt was recovered shortly afterwards.