Existing Financing Obligations

Commercial real-estate assets usually have complex existing financing obligations. How do we secure Prestio’s liquidity by evaluating the full extent of existing financial obligations?

Real-estate asset owners will have to go through a detailed liability assessment and settlement process. Additionally, liability reserves are set up to hold a portion of the loan's principal to cover liabilities that may have been undiscovered during the assessment process or which may arise after the assessment is complete. This system allows us to identify potential liabilities as well as provides a mechanism for dealing with any unforeseen liabilities that may occur. Most importantly, it will allow us to build transparency around potential liabilities, giving the Prestio community the ability to vet and understand the liabilities linked to loans extended via Prestio using their liquidity. Further, loans extended via Prestio are only done so on the basis of priority secured loans.