Troubled and Distressed Asset Solutions

Sperry Van Ness’ Distressed Asset Services professionals assist clients professionally with workout, foreclosure, restructuring, asset management and disposition processes for clients ranging from owners to small community banks to the largest institutions and service providers.

In any economic climate–particularly in down real estate markets–a commercial property can all too often become distressed and end up turning into a full-blown troubled asset. This situation can be the result of several elements such the commercial property owner’s limited resources, income reduction due to a bad economy, catastrophic events such as natural disasters and many other factors that can simply turn a once positive, viable asset into a non-performing asset.

One of the worst case scenarios any commercial real estate owner can find himself in when experiencing the many difficulties accompanying a distressed property, is believing he has no options available to negotiate an acceptable workout solution.

The “system” can, at times, seem to be rigged against a commercial property owner. It is not. But, like in any sophisticated business dealings, the more familiarity and experience one has with the rules of the game, the better the odds of one winning.

Going it alone on a commercial property restructuring proposal or modification is usually not a very prudent idea. Especially when you consider that you’ll be dealing with or working against someone who has lots of experience with properties facing possible default or foreclosure and who has only “the lender’s interest in mind”.

Hiring an experienced commercial real estate firm that will very systematically and unemotionally evaluate all the factors surrounding your troubled asset and your individual needs is essential for the best possible outcome.. Engaging a commercial real estate firm that knows how to come up with workable solutions for your particular situation and that will aggressively represent you, can mean the difference between losing your property outright or tranforming it back into a performing asset again.

Sperry Van Ness is in the business of helping distressed commercial property owners get back on their feet by restructuring their mortgages; thus creating the opportunity for property owners to turn their non-performing or anemic performing assets into performing assets.

Types of Workouts:

• Modified Payments
• Extensions of Maturity Date
• Interest Only Payments
• Note Sales
• Discounted PayoffWorkout Services:
• Analyze Property Debt to Service Ratio
• Negotiate and Advocate for Borrower
• Loan Transfer to Special Servicer
• Workout Options
• Help Find Rescue Capital
• Restructure/Modification Proposal Sperry Van Ness’ practice area involves innovative strategies to optimize and protect our clients’ asset portfolios. Our unique skill set and experience also benefit investors seeking advice on the acquisition of distressed assets. Sperry Van Ness is well-positioned to combine high-quality distressed property solutions with competitive pricing and value.