Led by co-founders John Salib and Paul Salib, Castellan Real Estate Partners maintains vertically integrated investment activities that span financing, development, and property management. The Castellan Real Estate Partners investment process is one that starts with potential transactions sourced through a wide-ranging network of partners, with which it maintains long-term relationships.
The initial stage involves collecting and reviewing due diligence and performing financial modeling and analysis. With initial sizing completed and terms approved, a term sheet is issued. At this point, asset management team members, as well as investment professionals, take an in-person look at the site. The underwriting process also includes a third party appraisal, an environmental historical review, and an assessment of management structure.
Once financial terms and details have been approved, a legal review of ownership is conducted and the borrower's background is reviewed. When all title and legal issues have been counsel approved, loan documents can be issued. The final step is the closing of the loan, which requires investment committee approval. At this point, asset monitoring and loan servicing begins.
The initial stage involves collecting and reviewing due diligence and performing financial modeling and analysis. With initial sizing completed and terms approved, a term sheet is issued. At this point, asset management team members, as well as investment professionals, take an in-person look at the site. The underwriting process also includes a third party appraisal, an environmental historical review, and an assessment of management structure.
Once financial terms and details have been approved, a legal review of ownership is conducted and the borrower's background is reviewed. When all title and legal issues have been counsel approved, loan documents can be issued. The final step is the closing of the loan, which requires investment committee approval. At this point, asset monitoring and loan servicing begins.
