Spiegl Consulting

Real EstateCalifornia, United States0-1 Employees

Spiegl Consulting provides commercial real estate due diligence analysis and investor relations services to lenders, institutional investors, and private owners of commercial real estate. We are dedicated to verifying the integrity of income and expense assumptions of prospective and existing debt and equity investments. We strive to be a valuable, seamless addition to your team.  A partial list of our services is below:

LEASE ABSTRACTS. Abstract leases and reconcile lease documents with rent roll, tenant ledgers, and / or estoppels. Also provide notable lease provision memo and summarized list of discrepancies.

HISTORICAL LEASING ANALYSIS. Complete historical leasing summaries and flag potential tenant risks noted during lease reviews.

HISTORICAL CASH FLOW AUDIT. Review and audit historical cash flows, general ledgers, account receivable reports, tenant ledgers, bank statements, property tax bills, tax returns, etc. and provide cash flow discrepancy memo. 

PROJECT CASH FLOWS FOR HOLD PERIOD USING ARGUS OR EXCEL.

CONTRACT UNDERWRITING. Underwriting services include historical cash flow audit and analysis, tenant research, sponsor research, market research, and third party report review. Findings are summarized in a customized memo which includes an overall deal summary, strengths, risks and mitigants, and other items specific to client’s acquisition, disposition, and / or lending criteria. 

INVESTMENT PORTFOLIO ANALYSIS. Analyze underlying collateral of bank loan portfolios, CMBS bonds, and bulk loan sales. Value collateralized assets within the portfolio, value individual loan guarantees, audit loan files, and recommend individual loan exit strategies, loan default probabilities, and loss severities. Compile data for individual loans and for the portfolio.

SITE INSPECTIONS. Inspect property and comparable properties, interview tenants, audit on-site management files, and survey market.

Samples of all products are available upon request.

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