Property Management
REO's principals and team members have been involved in the management of apartment complexes, strip shopping centers, office buildings, industrial properties, condominium conversion projects, and mobile home parks since 1981; both for their individual portfolios and for third parties. We know what it takes to protect, preserve and enhance the value of a real estate project.

Problem Asset Advisory
REO's principals cut their teeth with troubled real estate projects turning them into performing projects. We know how to analyze and advise on strategies to deal with troubled real estate. These strategies vary depending on the circumstances of each project and could range from recommendations to: let the borrower stay in possession of the project, foreclose and take back the project and a) complete it; b)find qualified third parties to invest in the project with the lender to complete the project; c) take possession and ownership of the property, then sell it; or d) take possession and ownership of the property, restore, renovate, reposition, and lease up the project, then sell it. Where appropriate we can locate third parties to participate in joint ventures with the lender to fund the completion of projects with the lender without the lender needing to put in any additional funding.

The goal is to maximize the value of the collateral to benefit the lender.

Receivership
REO has substantial experience in development, management and turnaround of troubled real estate. As a receiver we immediately establish controls and procedures, and hire qualified property manager(s) to stabilize, preserve and protect the collateral. We then, where appropriate and within budget constraints: restore, renovate, reposition, and lease up the project thereby increasing the project's net operating income and cash flow; and optimizing its value.The lender may then choose to sell the property or retain it for its operating cash flow.

Note Brokerage

We can market both performing and non-performing loans. Before marketing we review the loan documents, analyze debt coverage ratios, examine the financial strength of the borrower, peform liquidity, asset and other appropriate tests, as well as reviewing recent loan purchases to determine appropriate pricing for the sale.