WHAT WE DO
Services Overview
RPRC can reduce your stress and efforts related to non-performing real estate assets and can maximize your financial returns. Its services are tailored to assist financial institutions, lenders, owners, investors, or borrowers in resolving troubled real estate assets. RPRC’s clients can benefit from its team’s extensive expertise and experience related to engineering, architecture, permitting, development, construction, sales, marketing, law, accounting and finance. The firm’s principals have proven track records of creating and implementing workout plans to maximize the value of troubled properties.
RPRC ACTIONS:
RPRC is engaged to analyze the project and develop alternative disposition plans designed to maximize the bank’s recovery or minimize its losses.
Review all legal documents affecting the subject property, including title, loan documents, condominium/homeowner documents, contracts and other encumbrances.
Services Overview
RPRC can reduce your stress and efforts related to non-performing real estate assets and can maximize your financial returns. Its services are tailored to assist financial institutions, lenders, owners, investors, or borrowers in resolving troubled real estate assets. RPRC’s clients can benefit from its team’s extensive expertise and experience related to engineering, architecture, permitting, development, construction, sales, marketing, law, accounting and finance. The firm’s principals have proven track records of creating and implementing workout plans to maximize the value of troubled properties.
RPRC ACTIONS:
RPRC is engaged to analyze the project and develop alternative disposition plans designed to maximize the bank’s recovery or minimize its losses.
- 1. Preliminary Assessment:
- At a cost of $3,500 the RPRC team inspects the site, condominium units and project documentation, and performs a market assessment and competitive market analysis. The team determines:
- Assess adequacy of plans and facilities.
- Develop necessary plans and budgets required to successfully resolve property disposition.
Review all legal documents affecting the subject property, including title, loan documents, condominium/homeowner documents, contracts and other encumbrances.
- Assess involved parties’ rights and obligations. Provide advice to client concerning alternative legal strategies.
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Draft property workout agreement and other documents necessary to support successful disposition of the subject property.
- Prepare development and/or construction budgets and cash flow projections required to accurately determine financial resources necessary to successfully resolve property disposition.
- Analyze tax implications of property disposition alternatives.
Construction - Analyze state of the property’s construction to include determining compliance with codes, quality and costs to complete.
- Prepare detailed construction budgets and job specifications.
- Organize and supervise necessary contractors and suppliers to complete the property so it can be successfully marketed.
- Conduct essential market research necessary to develop market feasibility alternatives.
- Develop and implement professional and creative sales and marketing programs, including collateral materials, advertising, and e-commerce initiatives necessary to sell or lease the subject property.
- Manage and maintain subject property to preserve value and create marketable appearance.
- Develop of budgets, oversee capital projects, employ and supervise necessary maintenance subcontractors.
- Prepare accurate and timely property reports.