Receivership & "Properties-in-Transition" Services
Foresite's Property-in-Transition professionals understand that custodianship of a distressed situation is a complicated assignment that needs attention to detail. To preserve or create value, the Receiver or asset manager needs to identify any unique legal, operational and economic complexities inherent in the framework of a distressed situation before ownership control is transferred.
This specialty practice area was created to assist banks, mezzanine lenders, creditors, loan servicers, borrowers, owners, bankruptcy trustees and courts. Our professionals are committed to providing comprehensive interim management solutions for various distressed situations, including nonperforming or under-performing, court-appointed receiverships, deeds-in-lieu, foreclosures and real estate owned (REO).
Given the potential cash advancing mechanism inherent in bank as well as CMBS and CDO transactions, we are cognizant that “time is money” and therefore, there is a strong need to complete transactions in a timely and efficient manner.