Builder & Developer Reorganization

We are currently working with a number of developers, builders, and investors either negotiating forbearance agreements, short sales, and other economic concessions from lenders, trying to structure new business to take advantage of the marketplace by purchasing property at steep discounts or forging fee based development, construction and sales relationships.

Borrowers will need to negotiate aggressively with their lenders, trade partners, and investors, and sometimes take drastic action to staunch negative cash flow, in order to survive this downturn and be positioned to thrive when the market rebounds.

In the past, when the markets were much more “normalized”, lenders could afford a “pay-up or be foreclosed” attitude. Foreclosure sales attracted public participation, and the secondary market did not attach any stigma or discount to a foreclosed property. Unfortunately, the current credit crisis has overwhelmed the foreclosure mechanism, such that there is rarely any public bidding because everyone understands that the banks will be forced by the regulators to liquidate their real estate owned inventory at the best available offer.

Today’s marketplace requires creative, visionary solutions that find appropriate and profitable new ideas, different from the ways of the past, but with one critical constant: Integrity. Please contact me if you have any questions, require any further information, or would like to schedule a no obligation meeting to discuss your specific business needs and the services my firm can offer.