Partner does a high volume of physical due diligence for lenders, which is largely aimed at evaluating potential risks with the collateral that could impact the borrower’s finances or the bank’s ability to take back the property if the borrower defaults.
What about when the bank will own the property? Due diligence for bank branches and bank-owned facilities is usually far more comprehensive and covers a broader range of concerns. The priorities during this situation are also quite different—less about risk tolerance and more about liability protection.
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