Posts Tagged ‘distressed asset investment firm’

An Interview with Camilo Concha about the DAI Group

August 10, 2011 Leave a comment

Q: What is the DAI Group?

Mr.Concha: DAI stands for Distressed Asset Investments. The DAI Group invests in distressed and otherwise undervalued real estate throughout California.

Q: What is a distressed asset?

Mr.Concha: Distressed assets have a depressed value due not to the conditions of the market, but rather to the issuer. For example, when an issuer defaults on loans for a commercial space, that space then becomes a distressed asset with a lower than average value.

Q: How does the DAI Group make money from distressed assets?

Mr. Concha: The employees at DAI represent a wealth of real estate, structured finance, and acquisitions experience. Capitalizing on our unique skills, we obtain distressed real estate at low prices and work within a network of highly specialized companies to keep costs to a minimum and return the property to the market.

Q: What makes DAI unique among other distressed asset investment firms?

Mr. Concha: Our tight-knit network of knowledgeable real estate and finance professionals permits us to handle the investment in-house for the entirety of its lifespan at DAI. This streamlined process saves a significant amount of time and expense. Through this efficient management and our attention to detail, an important asset to any investment firm, we maximize our returns on investments in ways that other firms are unable to do.

Q: What sort of property does DAI purchase?

Mr.Concha: The DAI Group invests in commercial and residential properties, including multi-family buildings, apartments, condominiums, and single-family homes. We also invest in debt values with significant intrinsic value.

Q: How does the DAI Group find its investments?

Mr.Concha: We maintain connections with several real estate agents and also have done deals with JPMorgan Chase, Wells Fargo, Citigroup, Bank of America, and Goldman Sachs, in addition to other banks. Through this agreement, we often buy distressed properties in bulk and at the court house steps.

Q: How does DAI value its investments?

Mr. Concha: The DAI Group conducts thorough property evaluations, which include a Uniform Residential Appraisal Report and a Broker Price Opinion. With this information, we ascertain the property’s current value and its potential value once repaired.

Q: What companies does DAI work with?

Mr.Concha: Among others, we enjoy partnerships with 360 Realty Solutions, Attorney Search Network, and Metro States Mortgage. I encourage anyone interested to learn more about these companies online.