WORKOUT SERVICES

Property Evaluation
Financial Analysis includes examination of Homeowner/condominium association accounts, Vendor/contractor payables, Capital reserve accounts, Recurring operating expenses, Working capital accounts, Real estate taxes and other municipal/permitting fees

Physical Analysis
Estimates for cost to complete (common areas and units), Analysis of unit by unit status and deficiencies (punchlist), Common area deferred maintenance assessment, Property/engineering inspection if appropriate to determine compliance with codes, architectural and engineering specifications and quality

Market Analysis
Competitive Survey & Project Positioning, Unit design analysis, Conventional sales pricing and absorption analysis, Auction sales pricing and absorption analysis, Conversion to rental and project valuation as rental

Public Relations/Homeowners and Condo Association Mediation
Meet with existing homeowners to ascertain “problems”, Create information conduit with homeowners, Create list of homeowner “issues” be they unit specific or common area, Homeowner conflict resolution

Asset Management and Recovery Services
Re-branding or Positioning of development, Manage program for Rental Conversion, Manage unit sales program (both auction and conventional), Manage “asset sale” including production of offering materials and market outreach, Develop and implement contractor/trade plan for aging payables, Manage construction completion/property improvements, Unit turnover/move-in coordination