Services

Due Diligence Services:

Acquisition Due Diligence – LCG has extensive experience in performing acquisition due diligence on both loan and lease portfolios and entire companies.  Given our breadth of experience among a wide variety of industries, LCG can provide valuable insight into the transaction, not only related to portfolio value, but also on the operations and internal controls of the company. 

Underwriting / Due Diligence – When an influx of new business exceeds the resources available to expeditiously underwrite and process the transactions, all or a portion of the underwriting and due diligence can be outsourced to LCG.  LCG professionals can coordinate the entire due diligence process including UCC and background searches, collateral audits, financial spreading, appraisals, environmental surveys, preparation of credit request documents, and gathering of legal information.

Risk Assessments – Risk Assessments consist of an on-site review of a borrower’s overall credit risk.  Rather than performing the time consuming tests and reconciliations typically associated with a collateral audit, these reviews focus on financial performance and trends, collateral trends, operations, management, policies and procedures, and any other material pre-funding deal points.  Risk assessments are typically less costly and time consuming and Risk Reports are shorter and less cumbersome than full Collateral Audit Reports. 

Collateral Verification – LCG personnel will verify the existence and quality of a lender’s collateral.  Verification services include telephone verification of accounts receivable, inventory floor checking, and site inspections of real estate, machinery and equipment, and other property.

Desktop Reviews – For many lenders, account executives and investment managers simply do not have the time or resources to review a borrower’s performance and track record.  So, if a site visit is not practical or warranted, LCG can perform a thorough desktop review of the borrower’s performance and any changes in its collateral.  This review can also include the spreading and analysis of financial statements, compliance with loan covenants, and trend analysis of key performance metrics. 

Credit and Operations Reviews – Several of LCG’s professionals have extensive experience in providing consulting to and performing due diligence on finance companies.  As a result, LCG has developed a specialized practice in performing internal reviews on the credit & operations of a finance company, portfolio acquisition due diligence, and finance company acquisition due diligence.  LCG has performed these services for many large and well known finance companies and has facilitated the acquisition of many loan portfolios.