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Qualifying to Bid

This three-step process outlines the qualifications required to bid on a specific structured transaction. Prospective bidders must complete pre-qualification documents and meet specific criteria to receive further information on the transaction.

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Qualifying to Bid

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  1. Qualifying to Bid

  2. A Three Step Process Qualifying to Bid Pre-Qualification Bidder Qualification Transaction Qualification Pre- Transaction On-going Transaction Specific Transaction Specific

  3. Pre-Qualification Process Step 1 • To be determined to be pre-qualified, prospective bidders must successfully complete 3 documents - Pre-Qualification Request Form FDIC Qualified! Purchaser Eligibility Certification Bidder Contact Information Form

  4. Prospective bidders may be required to meet additional criteria to receive further information on a specific Structured Transaction. Transaction specific qualification is required when a specific sale is in process. For each Transaction: Structured Transaction Qualification Request Form. Purchaser Eligibility Certification. Structured Transaction Confidentiality Agreement. TransactionSpecificQualificationStep 2

  5. Qualifying to BidStep 3 QUALIFICATIONS S t r e n g t h Cash to Close Financial Strength E x p e r t i s e C a s h Expertise

  6. Provide a diagram and identify your proposed team structure. Lead Bidder. Private Owner. Servicer. Asset Manager. Investor(s) providing >25% of total funding. Include Minority and Women-Owned entities. No changes to the identified team (lead bidder, servicer, asset manager and key investors). Level 1 SectionProposed Acquisition Structure

  7. Bidder Evaluated in 4 areas 1) Financial Background Credit rating. Audited financial statements. Dunn & Bradstreet Reports. 2) Funding Amount and availability to close and fund on-going transaction obligations. Cash and cash equivalents. Bank statements, commitment letters, documentation of callable capital. Other liquidity sources. Level 2 SectionBusiness Matters

  8. Bidder Evaluated in 4 areas (Cont.) 3)Asset Management and Servicing Servicer rating reports. Operational experience of management officials and key employees. Sub-servicer relationships. Experience with default management & loss mitigation. Current servicing portfolio. Disaster recovery plans. Data security. Call center operations including capability to deal effectively with non-English speaking borrowers. Level 2 SectionBusiness Matters(Cont.)

  9. Bidder Evaluated in 4 areas (Cont.) 4)Portfolio Management Plan Asset management planning. Timeliness & schedules. Involvement of small, minority and women owned and local businesses. Overall project strategy. Demonstrating transition, control, direction, and exit. How you will earn value. Operational capacity. Roles & responsibilities, key operations/functions. Servicing issues. Call center operations supporting non-English speaking borrows. Loss mitigation procedures. Disposition and marketing strategy for assets. Level 2 SectionBusiness Matters(Cont.)

  10. Qualification Timeline • Timeline/Events (generally) • 6 Weeks Before Bid Date. • Prospective Bidders Conducting Due Diligence Receive Bidding Instructions from Financial Advisors. • Establishes due date for Bidder Applications. • Provides instructions to submit Applications to a secure FDIC-designated mailbox. • 3 Weeks Before Bid Date. • Bidders submit Bidder Application & Supplemental Documentation. • 5 Days Before Bid Date. • Bidders notified by Financial Advisor on FDIC qualification determination.

  11. Only way to be informed of structured sale announcements. Its EASY. Its – Why Get Pre-Qualified?

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