At Tower Title, we are focused on providing the best-in-class title insurance support for the telecommunications sector. That’s why we have a 100% retention rate with our clients. When companies work with Tower Title, they know that they are working with the best in the business.
Our client needed to qualify a certain amount of their tower assets to satisfy lending requirements of the asset-backed security (ABS). The lender had instilled a firm deadline that the client was in danger of missing. A number of the remaining sites that were available for the securitization included features that are traditionally difficult to insure. Knowing Tower’s reputation for problem solving and devotion to clients, the Client reached out to Tower to request the expertise of our securitization team.
Tower’s dedicated securitization team worked in concert with the client to strategize the most optimal way to solve the issue. The team quickly reviewed the available information for each site to determine which of the remaining assets had the greatest viability to assist the client in satisfying their goal. Although a number of the sites proved to be conventionally challenging, our team’s outside-of-the-box approach allowed us to identify a number of sites that could be insurable with some curative work.
Within a 30 day timeframe, we performed searches on properties vested in municipalities and government agencies, provided solutions to the challenges presented by the sites, and were able to help the client secure the additional assets necessary to satisfy the lender.
Client was able to obtain their funding, without any delays or penalties and Tower was able to secure the client’s securitization business.
By creating an isolated and dedicated securitization team, Tower can better serve clients especially when there are aggressive and difficult deadlines.
Find out more about what Tower Title can do for your business.