Special Assets
As the markets adjust to tougher credit conditions, the oversupply of residential units is becoming oppressive. Retailers are pulling back and office expansions are put on hold. Layoffs and bankruptcies further depress real estate demand and values. Property insurance and real estate taxes continue to drag values down and all the signs point to a long, deep real estate recession.
This is a situation that calls for professional, creative, experienced service providers. It is more important than ever to team with firms like Sandstone Realty Advisors. We understand the issues.
Sandstone knows how to preserve, create and ehnance value. As the markets slow and change and foreclosures mount, real estate professionals need to align themselves with people who have seen these conditions in the past and have capitalized on them.
Sandstone has strong experience in periods such as these. At Condovest (residential) and RealTrust (commercial) Jim Fried assisted many direct lenders and the government to work out problematic properties in the early 1990’s. In today's market, our strategic relationship with Lewis B. Freeman and Partners helps to strengthen our ability to bring the right response team into a special assets situation.
We can bring the best combination of professional relationships and value creation strategies to bear on a problem loan or asset owned by the lender.
Our team can also help owners reposition an asset or renegotiate their transaction terms with their lender(s).
Our clients for this service have included: Total Bank, the Resolution Trust Corporation (RTC), FADA, FSLIC, the FDIC, the SBA, Barclays Commercial Credit and Chrysler Capital.
In the past, Mr. Fried bought and sold blocks of distressed condominium units and developed lots and townhome projects from the government, banks and savings and loan associations. He also preserved and enhanced the value of commercial properties for many of those same clients.
Mr. Fried has performed property valuations, asset management, property management and sale services for lenders and the government all across South Florida. He has also provided services to persons acting as Court Appointed Receivers.
He made his mark assisting institutions and individuals with Special Asset or REO situations in both pre- and post-foreclosure situations.
In addition to the hands-on workout experience managing, leasing and selling REO properties Mr. Fried also has expertise in origination, acquisition and Debtor in Possession (DIP) financing.
As today mirrors those dark days Sandstone's experience from the 1990’s is very valuable. Let our team assist you with:
- Property Valuations
- Expert Witness testimony
- Property Management
- Asset Management
- Acquisition Financing
- Debtor in Possession (DIP) Financing
- Receivership Services
- Property Marketing Services
Let us be a key member of your “SWAT Team” for special assets. We can assist with valuation, asset preservation, asset enhancement strategies and the disposition of notes, mortgages and REO.