Portfolio Due Diligence

Among the nation’s most experienced underwriters of loan and REO portfolios, VARCAP has developed effective and efficient approaches to underwriting portfolios ranging from a handful of assets to hundreds of loans and properties. From indicative analysis to thorough, bottom up assessment of each asset’s value and likely strategy, we provide thorough and thoughtful assessments of each portfolio.

VARCAP was founded by Renee Lewis, who led the portfolio acquisitions team at Hudson Realty Capital from 2010 through 2014, when the firm purchased over 1,000 small balance commercial real estate assets with UPB of approximately $900million. She also formed and owned Questor, a leading diligence provider for loan portfolio purchasers during the mid-1990s and CMBS B-Piece purchasers during the 2000s.

With experience including hundreds of portfolios and thousands of assets, VARCAP is able to work effectively with a broad range of stakeholders. Whether a community bank interested in assessing, marking or selling its NPL or substandard loans, a sophisticated market player adding to or reducing its portfolio, or a smaller investor interested in deploying capital in a position that provides a positive risk-reward profile – we are able to combine our knowledge of loan management, expertise in various property types and experience with ownership structures and finance to develop an understanding of value.