Receivership & "Properties-in-Transition" Services
Foresite's Property-in-Transition professionals understand that custodianship of a distressed asset is a complicated assignment that needs attention to detail. To preserve or create value, the Receiver and property manager need to work closely with the lender to identify any unique legal, operational, environmental, structural and economic complexities inherent in the framework of a distressed situation before ownership control is transferred.
This specialty practice area was created to assist loan servicers, banks, speciality lenders, creditors, borrowers and owners. 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 CRE CLO transactions, we are cognizant that “time is money” and therefore, there is a strong need to complete transactions in a timely and efficient manner.