Troubled Asset Recovery

Sperry Van Ness | Southland Asset Recovery Team

With a declining economy and limited funding sources available, we are now seeing (and will continue to see over the next few years) a surge of commercial properties piling up on the “troubled assets” list.

What are considered “troubled” assets?

Under-performing properties
Non-stabilized properties
Stalled development and construction projects
Low or negative current values compared to loan balance
Heavily undervalued properties with no source of funding
Pre-foreclosure and short-sale situations
Foreclosures

What options might be available to help?

Repositioning to drive up NOI
Restructuring
Loan workouts
Tax reassessments
Joint venture equity partner
Sell for highest attainable value
Auction for accelerated sale

What roles can our Asset Recovery Team play?

Provide a single point of contact
Tap into a vast array of resources immediately available
Pull extended resources from over 1,000 advisors in 160 markets nationwide
Place appropriate property management designated for rapid repositioning
Assign specialist to negotiate loan workout, tax reassessment, etc.
Identify, qualify and present potential joint venture partners
Sell your property for maximum value using our extensive marketing platform
Auction your property for quick disposition via our Accelerated Marketing solution
Provide ongoing guidance, assistance and resources

What is the next step?

Call us today at 850.877.6000 to discuss your current situation and objectives. If appropriate, we would be happy to conduct a thorough evaluation or your property – free of charge with no obligations whatsoever – to help gauge where you’re at today and what options might be available. Our primary goal is to help guide you toward the most sensible path forward, and to provide any assistance and/or resources along the way.