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Cascadia capabilities
- 1. Cascadia Equity Leasingand Trio Introduction to Capabilities
- 2. Cascadia and the American Housing Finance Model We believe that the choices in home financing—either renting or owning—are incomplete and out of synch with the needs and realities We believe that the financial leap to homeownership of the American economy and has become too difficult way of life. We believe that the home and owner and increasingly inaccessible for too match, like marriage, benefits from many. a period of engagement of In a world where the median duration before commitment. homeownership is five years, we believe there should be a way That is why we believe that Americans want We to finance a home for five years. and require a home financing program that provides greater flexibility, security and control than their current choices. We believe in greater access to homeownership and self-determination.
- 3. About Cascadia Equity Leasing CascadiaEquity Leasing, LLC, a private financial services company, is active in creating and implementing a complete investment and lease servicing program for the residential real estate industry. Cascadia’s Own Option residential leasing program, Trio, is based upon the market-proven automobile leasing model, and is designed to help facilitate the transition to homeownership. In this difficult foreclosure climate, Cascadia offers
- 4. Cascadia Connects Throughthe Trio Own Option leasing program, Cascadia connects all facets of the housing system to accelerate supply and demand. Private Equity FNMA Hedge Funds FMA Banks FHA REITs VA Family Office FHFA Asset Managers GSEs Builders Housing Agencies Brokers Housing Authorities Non-Profits Starting Out Horizontally Mobile Up-ended Relocating Negative Equity Upwardly Mobile Delinquent Self-Employed Foreclosed Military
- 5. The utility of Trio home financing. home financing No other type of offers as much utility as Trio. Including the option, not • obligation Trio saves to buy. homeowners and banks from the costly foreclosure process • Trio helps families get back into a home if foreclosure has already occurred • Trio bridges under- qualified or under- capitalized buyers into homeownership • Trio assists mobile,
- 6. How Trio Works for Consumers • Consumers “go shopping” for a home, based on pre-qualified monthly lease payments • Cascadia provides flexible long- term leases of 1 – 5 years to consumers for selected properties • At lease end, Maintenance, renter’s insurance • consumers either & other operating expenses are purchase the paid by the consumer directly home, exchange it for another, extend their term or return it • Consumers build equity, credits & savings toward their optional 6
- 7. The Trio Customer Spectrum Capable Trio flexibility in their choice and term of residence. and provides financially capable individuals more options Horizontally Millennials, Moving On Mobile Relocating Moving Up Upwardly Second Home Mobile Self-Employed Or New Job Military Returning or Retiring
- 8. The Trio Customer Spectrum Compromised Trio serves a broad range of individuals and families who lack the immediate ability to qualify for homeownership. Starting Out Cash & Credit Poor Up-ended Health or Status Negative No down Equity payment Delinque Underwater nt Foreclosed Locked-out
- 9. The Trio Product Line Trio offers a full range of lease-based financial programs designed to provide greater access to homeownership. • TrioSelect A one to five year, own option lease on a quality home, town home or condominium, selected by the customer. – Includes an option, not obligation to buy at a pre- determined minimum price. Down payment credits for on-time payments and a 25% match for savings up to $5000. • TrioReady Like TrioSelect, except that properties are pre-screened and approved, ready to move into in ten days or less. • TrioNext Specifically for those situations involving foreclosure, whether entering or exiting. – In a pre-foreclosure situation, TrioNext gives the homeowner the ability to convert to a lease and live in peace, while retaining the right to re- purchase at a later date. – With those recovering from foreclosure, TrioNext offers the next step towards the return to
- 10. Trio Deal Flow: Builder/Devel oper Trioleases to their financing mix and thereby Cascadia partners with builders to restore sales momentum to standing inventory by introducing capturing “transitional homeowners” with a lower threshold of qualification.
- 11. Trio Deal Flow: Website Customer centralizedpoint of contact for The thinktrio.com website is Cascadia’s Capture and capture through lease application. customer education, conversion,
- 12. Business Overview SUSTAINABLE BUSINESS Cascadia EquityLeasing LLC, a member of the Cascadia Real Estate Group, providing investment, real estate services, property management and leasing programs since 2001. PRACTICAL SOLUTIONS Cascadia’s lease financing program enables consumers to bridge into homeownership and overcome mortgage qualification issues. Cascadia’s servicing platform delivers turn- key solutions for investors in residential real estate. INVESTOR PROGRAMS Cascadia sources quality lease-backed real estate assets for institutional partners and provides a loss mitigation solution for holders of distressed note portfolios. Cascadia delivers superior returns due to its proprietary methods, systems and business partners. INSTITUTIONAL BACKING Cascadia is partnered with some of the largest institutional firms in the US from private to public to non-profit. SOLID FOUNDATION Cascadia believes in building long-term relationships with all of its stakeholders from asset managers to leasing agents to governmental partners to investors to all others in the chain. 12
- 13. Cascadia Services PHASE I –ENGAGEMENT AND PROGRAM DESIGN Cascadia works with each investor to define specific objectives including: geographic, returns, holding period, asset type, concentration levels and portfolio construction. PHASE II – ASSET ACQUISITION Once objectives are designed, Cascadia sources and underwrites assets for acquisition through its channels. Cascadia programs each asset or project for holding period, required reserves, leverage, operating objectives and return targets PHASE III – PROGRAM MANAGEMENT Upon acquisition, Cascadia delivers complete property management including: lease up, lease servicing, asset management, inspections, consumer management and reporting PHASE IV – ASSET DISPOSITIONS Cascadia is engaged from inception to disposition. Cascadia delivers optimized asset dispositions through option conversions to consumers, facilitated retail sales, bulk institutional sales or project refinancing 13
- 14. Experien ce • Management, advisory team & strategic partners have extensive experience in real estate, financial services, technology, consumer marketing and launching national technology and financial products • Management has been involved in financing billions of dollars in housing of both single family and multi-family • Cascadia’s team initiated the first single family lease purchase program with Fannie Mae and Freddie Mac in the Seattle market • Program converted 100% into ownership. • Management successfully launched TRIO in Seattle in 2010 and is currently executing a national roll-out strategy 14
- 15. Executive Management Team Darryl Lewis – CEO & Managing Member Expertise: Finance, Real Estate & Mortgage, Technology Patrick Howard – Managing Director, Capital Markets Expertise: Financial Services, Real Estate, Structured Financings Ben Evans – Managing Director, Marketing Expertise: Consumer Products, Branding, Demand Generation Jan Schrag– Managing Director, Operations Expertise: Financial Institutions, Operations, Customer Sales & Service Advisory team has world class experience in consumer finance, marketing, securitization, real estate financing, banking systems, 15
- 16. Cascadia Equity Leasing, LLC 1501 4th Ave, Suite 1550 Seattle, WA 98101 Consumer site: thinktrio.com Corporate site: cascadialeasing.com