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