Matrix offers a wide array of real estate advisory and consulting services, providing clients with access to institutional-quality expertise to address their commercial real estate needs.
MREA’s core competencies lie in the following areas:

• Loan Acquisitions
• Loan Originations
• Asset Management
• Special Servicing
• Underwriting & Due Diligence
• Bank Credit Reviews & Regulatory Compliance
•Development Management

Recent Assignments Include:

• Community One Bank – In the third quarter of 2010, FNB United Corp, parent company of Community One Bank, engaged Matrix to underwrite 400 loans with a total face value of $1.0B in connection with a proposed recapitalization of the bank. Matrix coordinated a team of 12 underwriters to work on site at the bank to determine projected losses over the bank’s loan portfolio. Matrix’s scope of work for this assignment included loan file review, market analysis, individual asset valuations, loan underwriting and borrower review. The initial assignment was completed in approximately 3 weeks, with ongoing analysis still underway. The proposed transaction is still moving forward.

• Hampton Roads Bankshares – In the second quarter of 2010, Hampton Roads Bankshares, based in Hampton Roads, VA, engaged Matrix to underwrite 300 loans with a total face value of $975 mm in connection with a proposed recapitalization of the bank. Matrix coordinated a team of 10 underwriters to work on site at the bank to determine projected losses over the bank’s loan portfolio. The initial assignment was completed in approximately 2 weeks, with ongoing analysis still underway. The proposed transaction is still moving forward.

• Brand Banking Company – In the first quarter of 2010, Atlanta Financial Service Investments Inc. engaged Matrix to underwrite 240 loans with a total face value of $434 mm in connection with their proposed acquisition of the Brand Banking Company, based in Atlanta, GA. Matrix coordinated a team of 10 contract underwriters to work on site at the bank to determine projected losses over the bank’s loan portfolio. Brand’s loan portfolio is primarily composed of residential A & D loans. As a result, Matrix was also asked to perform feasibility analyses to determine the viability of the developments. The initial assignment was completed in approximately 2 weeks, with ongoing analysis still underway. The proposed transaction is still moving forward.

• BankSouth – In the fourth quarter of 2009, BankSouth of Greensboro, GA, engaged Matrix to underwrite 13 Silverton loan participations with a total face value of $65.0 mm in order to formulate a bid for a competitive auction. BankSouth won four of the loan participations with a total face value of $14.3 mm.

• Silverton Bank – In the second quarter of 2009, a consortium of investors engaged Matrix to underwrite 150 commercial real estate loans with a total face value of $1.4B in order to determine projected losses over the portfolio. For this assignment, Matrix assembled and managed a team of 10 experienced (average 15 years) underwriters to work on site at the headquarters of Silverton Bank. The assignment was completed in approximately 2 weeks. The proposed transaction was not consummated.