• Default Advisory Services: Emax serves as a financial advisor to lenders, creditors, and/or trustees with fiduciary responsibility for defaulted assets. The firm specializes in tax-exempt bond and real estate secured workouts. Emax assists in the negotiation of settlement agreements with lenders; structures, analyzes and selects various refinancing and liquidation alternatives; and provides asset management services. Asset management services include performing site visits, reviewing monthly property financials, approving annual budgets, and preparing pro forma cash flow analyses.

• Co-Generation Financing: Emax provides analytical and advisory support in the context of co-generation financing. The range of decisions for the sponsor is unusually large, even for projects of this size. Borrowers in these instances may have access to a broad range of markets utilizing a number of financing structures. Further, successful operations in many instances represent the collaboration of a public entity with a private operating firm. Emax is experienced at assessing the relevant markets and financing vehicles. Emax is also experienced at coordinating the partnership of public and private entities over the course of the transaction and vis a vis the establishment of ongoing operating agreements.

• Municipal and Real Estate Financing: Emax advises on the acquisition of real estate and municipal assets. Experienced professionals conduct comprehensive due diligence and financial analysis of municipal and real estate credits in addition to presenting accurate and relevant information about borrowers and properties to lenders, rating agencies and/or investors. Professionals familiar with rating agency, Wall Street, bank and insurance company credit underwriting standards conduct the initial due diligence and credit analysis performed on an asset. Complete and accurate financing packages are provided to the potential lenders as well as assistance in negotiating the terms of financing.

• Mortgage Loan Sales: Emax has extensive experience in the sale of portfolios of sub-performing and non-performing assets. The firm provides thorough analysis for internal portfolio management with corresponding recommendations for a maximized return. Through extensive research Emax also determines the marketability of the defaulted loan portfolio. This includes an assessment of the current market for the acquisition of defaulted loans. Market experts formulate recommendations for asset disposition strategies to produce the maximized return. Emax then prepares marketing materials and conducts a comprehensive marketing campaign to its extensive database of investors. Emax also conducts the preparation of Confidentiality Agreements and Bidder Qualification Statements, auctioning of loan portfolios, qualification of bidders, analysis of bids, oversight of the contractual documentation process including bid packages and the development and testing of bid evaluation models.

• Business and Real Estate Valuations: Emax has a wealth of experience in the development of Valuation Methodologies for Business and Real Estate. The firm provides thorough analyses in order to determine valuation for negotiation purposes.  This can involve the creation of sophisticated cash flow models and the review of third party reports such as appraisals and engineering reports. Emax works actively with project and business owners, lenders, joint venture partners, and potential buyers to maximize value for both buyers and sellers.

• Principal Investment in Real Estate and Debt Securities: Emax has historically been an active participant in the principal investment in real estate and debt secured by real estate. Emax professionals have assisted clients in raising equity and debt for the acquisition of real estate backed debt and the underlying real estate. The firm understands and preserves tax-exempt bond structures and adds value to the transactions by assisting in pricing them properly. Emax conducts due diligence, reviews properties, analyzes property cash flow, and advises on the refinancing and/or restructuring of the debt.