Transactions in the world of Real Estate Finance include loans secured by office buildings, apartment buildings, shopping centers, hotels and industrial properties. As each asset being financed possesses unique characteristics in terms of market, physical characteristics and operations, Marathon visits each asset prior to closing a loan. Marathon also conducts a thorough analysis of each asset that includes historical and projected cash flow analysis, assessment of the principals and a detailed examination of the asset's market. Third party appraisals, environmental assessments and structural reports are also requisite. A downside scenario is underwritten in order to measure the degree of risk associated with the transaction.