WHAT IS S.A.S.S.I?
SASSI is a loss mitigation company that implements the strategies for Urbaniza Capital. The company limits the potential losses linked to properties that are in distress due to borrower default and abandonment. It works with borrowers if possible to restructure the loans into re-performing notes that yield cash flow.
The unique value proposition is the ability to work with public sector to source funding and identify policies and programs that enhance exit strategies.
Programs can include neighborhood infrastructure investments that increase property values, incentives to assist homeowners to repay arrears and update taxes as well as funds for renovation or demolition of abandoned properties.
The company connects the dots between investors, municipalities and property owners, working in conjunction with licensed loan servicers to ensure compliance with all legislative requirements.
By operating with the various stakeholders in the distressed property space, SASSI has developed its loss mitigation approach with the goal of providing balanced solutions.