Tenant Default

True Underlying Condition of Tenant Under Stress

Asset managers need a quantifiable way to assess a rent relief request and an accurate means to offer rent relief without over or under committing. Megalytics has the tools and insights to guide you through evaluating the underlying condition of a tenant under stress

Quantify Tenant Stress

Quantitative and qualitative assessment of the stress factors leading to the rent relief request as well as the extent of each condition

Rent Relief Recommendation

Which measures optimally relief tenant stress, while preserving your revenue outlook and asset quality

Asset Discovery

Uncover any hidden assets available for legal recourse as well as whether the assets are encumbered

  • Discussion on Tenant on Rent Relief Requested, past history with tenant in terms of rent reductions, status on current payment
  • Lease Analysis for original lease, all Amendments, Letter of Credit, Good Guy Guaranty, Security Deposit, etc.
  • Interim financials including recent quarter or month, cash flow
  • Analysis of financial projections thru remaining lease term
  • Bank lines of credit and capacity
  • Investor and other capital funding sources

Lease Security Tracking

Throughout the lease term, security deposits and letters of credit may burn down or expire, leaving you without any security in the event of default, or changing economic or tenant business conditions.

Megalytics can track your lease security throughout your lease term, alert you at key milestones and if the tenant credit deteriorates and the securitization is no longer sufficient, we will advise you to do a deep dive assessment and re-securitize.

Megalytics will:

  • Track the lease security validity, expiry date, and remaining balance against lease term
  • Track lease securitization against updates of the tenant’s credit
  • Alert you of any exposure that arises from our continuous monitoring of lease securitization and exposure
  • Lease security against cash flow for the balance of lease term, recommended options and decision matrix

Asset Discovery

In the event of tenant default, securitization in the form of a Letter of Credit may have already expired or been released. Before pursuing legal action and resources, it would be beneficial to know if the tenant, parent company or guarantor has sufficient recoverable assets.

Megalytics will:

  • Search and locate any banking, checking or brokerage accounts by state for the tenant, parent company or guarantor
  • Determine the $ balance, last deposit and any recent activity
  • Identify other physical assets owned by the tenant, partners, LLC members, vendors or individual guarantors
  • Determine viability of asset recovery and recommendation for legal course of action

Physical Asset Tracking

If a tenant abandons a landlord property and moves assets belonging to the landlord, including physical assets and inventory under a landlord lien, to an unknown location, this will leave the landlord with very little leverage.

Megalytics can help by:

  • Geofencing the premise going back in time to identified period of illegal removal of physical assets
  • Track any outbound trailer truck movements over the suspected period
  • Identify final location where physical assets and/or inventory has been held

Ready to Talk?

Let Megalytics guide you through the best data sets and analysis to assist you in your development project, acquisition, disposition or finding a new tenant.

We have the most comprehensive, automated due diligence underwriting process, accessible thru a cloud-based SaaS platform. We are constantly updating and vetting our data vendors, and we have hundreds of public and proprietary, big and small, traditional and alternative data sources.