Lender Services

Asset and Portfolio Reviews

Pyramid provides asset and portfolio review services to lenders and servicers managing underperforming hospitality loans.

Utilizing its asset management experience and philosophy, Pyramid identifies critical areas of risk and opportunity through a comprehensive analysis of a hotel’s operational efficiency, physical condition, competitive positioning, management practices and market conditions, and offers mitigating strategies to protect and enhance the collateral asset value.

These services are a logical precursor for lenders to utilize in workout, foreclosure and receivership scenarios.

Receivership Services

Pyramid is a nationally recognized provider of receivership services.

As a hotel receiver, Pyramid provides the following action steps:

• Review Court Receiver Order to ensure sufficient scope and authority to protect and enhance the collateral’s value.
• Coordinate transition of property control
• Secure operating accounts and assets
• Ensure operating agreement compliance
• Review critical risk areas in cash flow projections and identify immediate revenue impact opportunities
• Develop and implement strategic plan designed to maximize asset value
• Review capital plan and closely monitoring capital expenditures
• Provide progress reports on hotel operations