Market Watch
Clayton Holdings offers market solutions
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Market Watch
Monday, July 25, 2016
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Clayton Holdings LLC announced it has developed an end-to-end underwriting, valuation and due diligence solution for the growing “fix and flip” lending market with proposed solution.
These solutions, which are being utilized by several major warehouse lenders, include:
- Borrower underwriting: Review of the borrower’s professional track record; business plan, credit and financial standing; liquidity analysis of balance sheet and tax statements; and synopsis of corporate structure.
- Property underwriting: Review of purchase/sales agreement; title and loan reviews; BPO with “as-is” and “as-repaired” values; desktop and automated valuation reviews of original appraisals; plan and budget analysis.
- Project monitoring: Twice-monthly reporting on rehab status, including building permits, HOA requirements, budgets and schedule; draw and release requests; property inspections and photos; and lien waivers, etc.
- Portfolio surveillance: Delivers customizable reports providing ongoing visibility into operational and financial aspects of the portfolio at the borrower, loan, and property level.
“Low interest rates, rising home prices and tight inventory are all driving the growth of the fix and flip investment market and attracting new liquidity from Wall Street and private investors,” Clayton Holdings President Jeff Tennyson said in a news release. “We have designed an integrated, one-stop solution for warehouse and hard-money lenders that draws on Clayton’s deep experience in underwriting and the unique skill sets in valuing and monitoring single-family rental properties that reside within our Green River Capital and Red Bell Real Estate subsidiaries.”
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