Summer Street Advisors, LLC Completes CRE Portfolio Valuation Engagement
Private equity fund taps advisory firm to provide loan valuations and portfolio risk assessment
Westport, CT (March 1, 2010) – Summer Street Advisors, LLC (“SSA”), a boutique commercial real estate and financial advisory firm, has concluded an engagement with a private equity fund bidding to acquire a $3.5 billion regional bank.
SSA was engaged by the fund to perform loan valuation and due diligence on the bank’s commercial real estate loan portfolio including loan file review, collateral and loan valuation, and a risk assessment of the portfolio. The assignment, which was completed in a compressed time frame, was a critical component to the fund’s bid to buy the bank.
According to Jack Mullen, Managing Director at SSA, the engagement showcased the firm’s ability to execute value-added services to buyers of banks and loan portfolios. “SSA’s experience in providing disciplined, data driven risk analysis and valuation provided the fund with a solid opinion on the condition of the bank’s loan portfolio and expectations for future loan losses. The engagement highlights the skills of the SSA team and its ability to provide investors with the requisite investment advice on large portfolios to take advantage of opportunities in the distressed banking and CRE markets.”
About Summer Street Advisors, LLC
Summer Street Advisors LLC (SSA) is a commercial real estate and financial services advisory firm. SSA offers a rigorous, data driven approach in providing commercial real estate and loan investment valuation and analysis, transaction due diligence, bank and REIT advisory, asset/portfolio management and loan underwriting.
Jack Mullen, Managing Director, 203.293.4844.