Commercial Real Estate Advisory, Consulting and Valuation including Commercial Appraisals and Loan Underwriting
Rosin & Associates is a premier boutique commercial real estate advisory and consulting firm that was established in 1990; providing clients with nearly 30 years of expertise.
Based in New York City, the firm provides its clients with services including due diligence, contract underwriting, re-underwriting, lease abstracting, appraisals, feasibility analysis and inspections throughout the country. Additionally, R & A is called upon to assist in commercial real estate acquisitions and investment analysis.
The firm's depth of experience encompasses all commercial properties including multifamily, office, industrial, retail, mixed use, land development, and residential. R & A possess the capabilities to provide consultation on "healthy" assets, as well as those that are impaired or distressed.
Among its services, R & A has a strong reputation as an expert witness in real estate litigation support in New York City, as well as a deep background within the tax-incentivized affordable housing industry.
1990- Rosin & Associates, Inc, (R&A) is established and assists the RTC, SAMDA's and related clients in more than 750 transactions of loan restructuring, workout, appraisal, distressed loan portfolio acquisitions and due diligence. The Resolution Trust Corporation (RTC) is formed and hires R&A to values assets to resolve the chaos caused by the collapse of the saving & Loan (S&L) industry.
1995- The famous early 1990's real estate person's refrain "survive 'till '95" arrives. Rosin & Associates, Inc, is active in the rising market performing CMBS contract underwriting, appraisals, feasibility studies for developers with new projects on the drawing board, due diligence for "B"- piece buyers and expert witness services.
2001- Rosin & Associates executed the valuation of assets and portfolios with values in excess of $4 billion by meeting the changing needs of our growing clients bases.
2003- In the post September 11th economic environment, Rosin Associates growing staff of experienced underwrites, Appraisers, and Financial Analysts assist a diversified clients base of international banks, investment houses, real estate companies, as well as government agencies and not-for-profit organizations' demand for outsourced real estate valuation resources in a time of economic recovery.
2007: Expanded client base, providing outsourcing to various banks including Lehman, Dexia, UBS and Credit Suisse.
2008: The Great Recession/Subprime Crisis: Lehman Brothers crash/ decimation of CMBS. Company expanded consulting with non-profits and served as expert witnesses. Back in the down-cycle R&A performed more valuations of distressed properties due to the crash. Company used underwriting skills to advise clients on distressed debt acquisitions including financial modeling and loan workouts.
2010: Repositioned advisory firm and developed new software for commercial appraisal valuations. Company began to take on more work in the New York City multifamily sector. Company forms C3 Realty advisors as an acquisitions outlet. Continued work in the testimony/litigations support space.
2012: Firm grows affordable housing appraisal and advisory segment in the New York and tri-state areas, performing work for government agencies, developers and lending arms of national banks. Company continues to perform work for developers and owners through market/rent studies and economic feasibility studies. Begins work in the development advisory space.
2013: CMBS underwriting is back. Mortgage markets recover. Hurricane Sandy hits and firm is hired for many construction-related valuation engagements.
2014-2016: Good years for New York real estate market. Low interest rates and a real estate up-cycle environment bring the Firm CMBS work and development-related appraisals. In addition to re-financing
2017: The CRE market starts to moderate as the Federal Reserve increases interest rates and investors begin to consolidate gains of the previous 3 years. A question arises as to whether the market is in an 11th inning of the recovery cycle. Conservative lending practices moderate the market equilibrium. Growth is tempered. The CMBS market is expecting many loan turnovers from the 2007 boom. With new regulations like risk-retention rules that require the holders of the subordinate 5% of CMBS pools to retain the bonds for five years lead to uncertainty as to market liquidity. Nonetheless, R&A is seeing good volume in the underwriting space.
2018: Rosin & Associates leased a new office space allowing for the on boarding of additional staff and the expansion of the Firm’s capacity. The R&A team underwrote approximately $1.4 billion in CMBS conduit, CRE CLO, and bridge loans. The Firm expects the market to temper somewhat moving into 2019 due to rising interest rates, but lending volume is expected to remain mostly steady.