We bring nearly 30 years of financial
institution, real estate valuation, real estate marketing and workout
consulting experience. Our breadth of knowledge in asset
valuation and workouts includes preparing strategic business plans
for commercial real estate loan portfolios
and specific assets. WEPC identifies information that is easily
verifiable in a short time and consistent with industry standards
which includes
discussion of obligations and potential litigation on the disposition
and valuation of assets. Wikstrom has prepared asset business
plans that involve
the development of strategic direction, technical strategies, operations
budget and steps for implementing the plan. The implementation plans
address issues related to lender liability, participation loans,
negotiations with joint venture partners to gain control of assets,
completion of
projects and management of construction. We establish budgets to
control ongoing operations and management and sale of assets.
Wikstrom evaluates pools of assets
to identify appropriate valuations based on liquidation strategies.
In developing disposition strategies,
we are mindful of the need to maximize the recovery from the asset.
Wikstrom is fully conversant with appraisal techniques and drafts
appraisal
policies
that incorporate guidelines for hiring appraisers, establishing appraisal
standards, and conducting internal appraisal reviews.
Wikstrom assists financial institutions in adopting and implementing
sound lending guidelines. We understand the need for proper documentation
and analysis of credit risk in all types of real estate loan underwriting.
In addition, we develop policies for asset classification and early
identification and continual monitoring of potentially delinquent loans.
Specifically, Wikstrom:
• Prepares bid packages for financial
institutions in receivership and conservatorship;
• Generates financial analyses that
accurately reflected the value of real
estate assets
and isolates areas of concern to properly assess risk and returns.
• Identifies information that is easily verifiable
in a short time and consistent with industry
standards.