Schedule of Real Estate Owned (SREO)

Requirements

You must:

• obtain an SREOSREOCertified document listing all real estate equity interests the Person owns. by the SponsorSponsorPrincipal equity owner and/or primary decision maker of the Borrower (often the Key Principal or the Person Controlling the Key Principal). , Key PrincipalKey PrincipalPerson who controls and/or manages the Borrower or the Property, is critical to the successful operation and management of the Borrower and the Property, and/or may be required to provide a Guaranty. and GuarantorGuarantorKey Principal or other Person executing a Payment Guaranty, Non-Recourse Guaranty, or any other Mortgage Loan guaranty. for all real estate assets, including:
  • lender;
  • address;
  • whether the loan is fixed or variable rate;
  • amortizing DSCRDSCROn an annual basis or any specified period, the ratio of Net Cash Flow to the total of:  principal, interest, and required Mezzanine Financing or Hard Pay Preferred Equity payments. ;
  • Loan-to-Value RatioLoan-to-Value RatioRatio of the actual aggregate UPB of the Mortgage Loan, plus any Pre-Existing Mortgage Loans, plus any Hard Pay Preferred Equity, plus any Mezzanine Financing, to the value of the Property, expressed as a percentage.  ;
  • acquisition year;
  • acquisition price;
  • current market value;
  • ownership percentage; and
  • maturity date; and
• fully analyze:
  • the SREOSREOCertified document listing all real estate equity interests the Person owns. , including non-multifamily properties;
  • your identification and mitigation of underperforming properties;
  • upcoming maturities; and
  • recourse debt.