Chad Milbrandt, Vice President, Midland Loan Services, a PNC Real Estate business
Mr. Milbrandt joined Midland Loan Services in 2000 and is a Vice President within Midland Loan Services Real Estate Solutions group. His primary responsibilities include the direct management of a team of special servicing asset managers. Additional responsibilities include managing a portfolio of distressed loans, maintaining client relationships, and performing due diligence for CMBS new issuance and defaulted loan portfolio transactions.
Mr. Milbrandt has resolved commercial real estate loans across all property types throughout the United States and has experience in all aspects of non-performing loan asset management, from single asset full recourse loans to complex CMBS structures with multiple debt tranches. His work-out expertise includes Borrower/Guarantor negotiations, modifications, note sale initiatives, receivership sales with assumption financing, pursuit of legal remedies including judicial foreclosure actions, receiverships, guarantor lawsuits, representation and warranty put back claims, and bankruptcy. Mr. Milbrandt has experience with both CMBS distressed loans, private client portfolio loan work-outs, and asset management of REO properties including value add repositioning and dispositions.
Prior to joining the Real Estate Solutions group, Mr. Milbrandt was a commercial real estate underwriter and originator for Midland's parent company, PNC Bank. Responsibilities at PNC included sourcing and/ or underwriting more than $1.5 billion in new commercial real estate loan opportunities, performing extensive due diligence relating to the loans, preparing detailed loan packages for presentation to an executive loan committee, and assisting with loan closing.