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The Corvus Group Delivers Due Diligence on More Than $5 Billion of Commercial RE Loans

CHICAGO (March 21, 2011) –

The engagements, which Corvus Capital Markets completed in partnership with RSM McGladrey, Inc., encompassed customized asset summary reports, data capture, aggregation and analysis, underwriting review and valuation estimates.

Completed in two weeks, the buyer due diligence assignment addressed an asset pool of more than 130 loans valued in excess of $5 billion, including individual loans as high as $150 million.

For the seller due diligence engagement, the Corvus/RSM McGladrey teams mobilized  at six locations nationwide to scan, image and index the source documents of a 40-loan portfolio totaling $130 million.  The client used the resulting asset summary reports to market the loans for sale.

In total, Corvus Capital Markets completed more than $8 billion of buyer and seller due diligence engagements in 2010 and expects to remain highly active in this marketplace in 2011.

“These successful engagements demonstrate the responsiveness and expertise of our teams in delivering customized client reporting solutions under very tight deadlines,” says Corvus Chief Executive Officer Wayne Thornton.

“Corvus Capital Markets’ due diligence assignment expansion during the past year reflects the growing number of public and private sector organizations who rely upon us to support their due diligence needs.  Repeatedly, clients indicate they award us these engagements given our comprehensive understanding of distressed commercial real estate loans and current market dynamics, as well as our ability to succinctly document loan summaries tailored to their standards.”

The Corvus Group

Founded in 1997, The Corvus Group (www.thecorvusgroup.com) provides capital markets, receivership and advisory services solutions to public and private sector organizations nationwide. Corvus Capital Markets’ offerings include: Special servicing and asset management expertise, due diligence and underwriting services, and debt and equity placement. The Corvus Group is based in Washington, D.C. and has offices in Chicago and Kansas City.