Summary
Overview
Work History
Education
Skills
Certification
Timeline
Generic

Kavita Beerbhajan

Concord

Summary

Highly qualified commercial real estate professional with a unique blend of analytical skills, financial acumen, and extensive knowledge of real estate terminology. Equipped with a broad scope of experience in originations and servicing for CMBS and portfolio loans, possesses the expertise to make informed business decisions. Thrives in fast-paced, challenging environments with an ambitious spirit and strong diligence. Solid background in mortgages allows for effective contribution to projects of all sizes.

Overview

15
15
years of professional experience
1
1
Certification

Work History

Asset Management, VP – Global Atlantic

SitusAMC
06.2023 - 09.2024
  • Day to day management of 100 syndicated loan transactions, including communication with Borrowers and Lenders/Investors and Client
  • Analyzed/interpreted loan documents and providing advice and direction to the Loan Operations teams
  • Monitored reserve and escrow accounts to ensure borrower compliance with governing documents including provisions related to budget, taxes, insurance, collateral and future funding
  • Reviewed disbursement requests, monitoring draw procedures, managing flow of funds mechanics and internal loan administration
  • Monitored construction loans including review of budgets, back-up documentation, title updates, and inspection reports
  • Performed monthly waterfall calculations including the monitoring of income, operating budgets and leasing status
  • Coordinated new portfolio and new loan servicing including collection of all necessary loan documents, obtained contact information for all relevant parties and ensured accurate boarding in the loan servicing system
  • Reconciled and reviewed various reports including billing statements, release statements, payoff statements and remittance reports as required to ensure Hanover's high standards are achieved in terms of quality, accuracy and completeness
  • Updated and monitored loan specific information in the loan servicing system
  • Flexibility in schedule with respect to meeting time sensitive client needs
  • Ability to work independently on projects and collaborate ‘face to face’ as a team player
  • Handled the collection and remittance of payments
  • Verified and made payments on taxes and insurance
  • Calculated property/unit release prices and monitored partial parcel releases
  • Portfolio reporting
  • Collected pre closing documents and prepared payoff statements

Asset Management, AVP – Global Atlantic

SitusAMC
08.2022 - 06.2023
  • Be the asset management contact for client, borrowers, co-lenders, and staff
  • Reviewed financial statements, performed financial analysis, and contributed to the development of optimal resolution strategies
  • Reviewed file documentation, completing file inventory, identifying file deficiencies, and obtaining additional documentation where necessary
  • Developed and presented solutions addressing any performance issues and recommending other activities or course(s) of action to resolve the same
  • Executed approved solutions
  • Administered construction draw process including, requisition review, anticipated cost report, budget tracking, use of contingency, lien waivers, disbursement tracking, as well as attend requisition meetings
  • Overseen the collection and remittance of payments
  • Handled the verification and payment of taxes and insurance
  • Worked as an intermediary between borrowers and lenders to manage any special requests that the borrower or lender may have of each other
  • Worked independently on projects and collaborates ‘face to face’ as a collaborator

Credit Analyst, AVP - Customized Portfolio Services

Wells Fargo Commercial Mortgage Servicing
11.2019 - 08.2022
  • Provided enhanced asset management services for a third party commercial real estate servicing client for highly transitional loans with an average UPB of $51M
  • Strong knowledge and experience of commercial real estate businesses and understanding of business operations, compliance, operational risk, business processes, products, customer interactions, and risks associated with those processes
  • Identified, researched, reported, and escalated potential risk and loan performance issues to trustee, investors, and key stakeholders
  • Reviewed and analyzed financial statements
  • Lockbox/Cash Management analysis and reconciliation
  • Provided training, guidance and assistance to new Credit Analyst and Asset Manager
  • Managed all positions in the capital stack (senior debt, subordinate debt, equity ownership and mezzanine)
  • Conducted portfolio review meetings with lenders/clients
  • Reviewed and recommended lease approvals
  • Reviewed and collected quarterly and annual guarantor net worth & liquidity covenants
  • Reviewed and recommended requests for capital contributions, future funding requests, and reserve requests
  • Reviewed and recommended loan extensions
  • Monitored loan triggers for compliance
  • Utilized Asset Management software to provide high level quarterly reporting for assigned client balance sheet assets

Analytic Consultant, AVP - Surveillance and Reporting

Wells Fargo Commercial Mortgage Servicing
08.2016 - 11.2019
  • Produced and updated monthly Watchlist reports of sub performing commercial mortgage loans
  • Conducted analysis of borrower/property performance based on market information, rent rolls, financial statements, property inspections and other information
  • Corresponded with borrowers and external parties to gather, analyze, and communicate information related to borrower/property credit performance
  • Performed quarterly loan covenant Financial Trigger analysis, working closely with Asset Management during the escalation process
  • Communicated with assigned Rating Agencies on non-17G-5 deals during their Deal Review and on-going surveillance process
  • Communicated with Information Providers on17G-5 deals to fulfill Rating Agency requests during their Deal Review and on-going surveillance process
  • Worked closely with Asset Management and Relationship Management Teams on Rating Agency Consent (RAC) communication
  • Compiled information and presenting trends/analysis on deal and bond ratings to management on a quarterly basis

Wholesale Loan Administrator - Reserves

Wells Fargo Commercial Mortgage Servicing
09.2012 - 08.2016
  • Processed of moderate to complex Reserve request transactions while adhering to established SLA’s and ensuring quality customer service
  • Reviewed and interpreted commercial mortgage loan documents
  • Reviewed and evaluated overly complex commercial real estate loan documents / Pooling and Servicing Agreements
  • Processed draw requests from all types of reserve escrows—capital expenditures, tenant improvements, deferred maintenance, seasonality, environmental, holdback, and debt service
  • Communicated with Asset Managers in connection with draw requests for securitized loans
  • Maintained relationships with borrowers, property managers, RMs, AMs, lenders, attorneys, and other clients
  • Reviewed leases and rent rolls to ensure release conditions were met
  • Requested and reviewed inspection reports on deferred maintenance reserves
  • Managed Warehouse and Freddie Mac’s reserve request

Cash Management Analyst – Cash Management

Wells Fargo Commercial Mortgage Servicing
10.2009 - 09.2012
  • Managed a portfolio of Lockbox Loans
  • Types of loans included: commercial real estate loans—credit tenant leases, multi-family, condominium, retail, office, and industrial properties
  • Managed hard, soft, and springing lockboxes
  • Administered the cash management loan payment waterfall for designated complex multi-million-dollar commercial real estate loans
  • Understood loan-level cash management requirements and administered the payment waterfall as applicable including analyzing financials for operating expense and excess cash flow payments
  • Reviewed and analyzed commercial loan documents including cash management agreements, deposit account, and clearing account agreements, notes, leases, loan agreements and mortgages
  • Managed disbursement of excess funds of over nine hundred single tenant loans from Suspense
  • Collaborated with borrower to collect payment shortfalls and resolve borrower inquiries in a timely manner
  • Communicated with borrowers and other financial institutions daily transmitting letters and other miscellaneous forms to ensure all cash related transactions are completed daily and accurately

Education

Masters -

Mercy College
New York, New York
12.2006

Bachelor - undefined

York College
Queens, New York
12.1996

Skills

    Ability to read and understand complex commercial real estate loan documentation and securitization documents, including pooling and servicing agreements

  • Ability to work effectively, as well as independently, in a team environment
  • Strong analytical skills with high diligence and accuracy
  • Strong organizational, multi-tasking, and prioritizing skills
  • Customer service focus with experience actively listening, eliciting information, comprehending customer issues/needs and recommending solutions
  • Excellent verbal, written, and interpersonal communication skills
  • Extensive knowledge and understanding of credit and income producing real estate

Certification

  • Finance and Accounting for the Non-Financial Manager
  • MBA: Commercial Mortgage Servicer
  • 24-Hour North Carolina Loan Officer pre-license course
  • North Carolina Real Estate Broker

Timeline

Asset Management, VP – Global Atlantic

SitusAMC
06.2023 - 09.2024

Asset Management, AVP – Global Atlantic

SitusAMC
08.2022 - 06.2023

Credit Analyst, AVP - Customized Portfolio Services

Wells Fargo Commercial Mortgage Servicing
11.2019 - 08.2022

Analytic Consultant, AVP - Surveillance and Reporting

Wells Fargo Commercial Mortgage Servicing
08.2016 - 11.2019

Wholesale Loan Administrator - Reserves

Wells Fargo Commercial Mortgage Servicing
09.2012 - 08.2016

Cash Management Analyst – Cash Management

Wells Fargo Commercial Mortgage Servicing
10.2009 - 09.2012

Bachelor - undefined

York College

Masters -

Mercy College

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Kavita Beerbhajan