Services Overview
1. Pre Appointment
- Understand market area, goals and objectives of lender
- Agree to terms and conditions
- Agree on reporting requirements
- Liability exposure, risk management, insurance review
2. Appointment
- Take possession of asset
- Conduct audit pursuant to court order
- Secure records, leases, bank accounts
- Assemble management team
3. Property Analysis
- Physical inspection, interviews and report findings
- Market analysis and demographics
- Identify strengths and weaknesses
- Provide opinion of value
4. Establish Action Plan
- Develop property specific management plan
- Title & environmental studies as needed
- Coordinate MA I appraisal as needed
- Financial reports, budget
- Establish property deferred and preventive
maintenance plans
- Construction management as needed
5. Recommend property strategy
- Loan sale vs property sale
- Hold vs sell
- Single asset vs portfolio disposition
- Disposition alternatives
- Loan restructuring options
- Value added options
- Establish marketing strategy
6. Disposition/repositioning
- Establish pricing and term of sale
- Implement value added ideas
- Go to market
- Review offers, contracts
- Post sale administration