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LAKEWOOD, NJ-Madison Commercial Real Estate Services has launched a new financial consulting group that will provide financial due diligence and portfolio management support. Real Diligence LLC aims to focus on pre-acquisition, post-acquisition and management services, and its launch comes at a time when, “the world economy is in such turmoil and owners and investors need to know the real value of any property they’re looking to buy or refinance,” says MCRES president Joseph I. Rosenbaum.

“Financial due diligence has a special importance in today’s challenging markets,” says Real Diligence CEO David Tesler. “The banks, in particular, understand this, and they’re now looking for help in assessing the real value of properties in the process of loan restructuring. Clients looking to acquired distressed and foreclosed property also need to know the property’s true financial health.”

Among other things, the new group is set to prepare a variety of customized reports, including income and expense verification, financial modeling and cash flow analysis, IRR analysis of leveraged and non-leveraged returns and CAM services.

“Buyers also need to see whether a seller is representing a property accurately, with real income/expenses number,” Teslar says. “They also need to be able to appropriately negotiate a new deal for properties in the process of loan restructuring to avoid foreclosure, and they can identify trouble spots as well as additional income opportunities.”

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