Troubled Assets

BDG offers a solution to lenders and equity partners with distressed and troubled assets. From a partially completed development  project where a sponsor has handed back keys, to the turnaround of a project plagued with difficulties.

We use our expertise and experience to manage your most difficult assets by offering:

REO Management, Troubled Asset Management, and Repositioning Services for real estate investors, lenders, and developers. We can help take a project over your finish line.

Intervention & Distressed Asset Turnaround

  • Marketing and leasing of distressed properties in difficult times
  • Condominium projects
  • Capital improvement planning
  • Repositioning strategies

Construction Recovery & Completion

  • Incomplete projects advisory
  • Construction Scheduling
  • Development of Recalibrated Management Plans
  • Implementation of Recovery Plan
  • Vendor management

Defaults

  • Workouts
  • Reorganization
  • Foreclosure Process Support
  • Special Asset Disposition

Assesment

  • Defaults
  • Continued Feasibility
  • Contract Document Review
  • Review of Completed Work
  • Value of Work Assessments

Financials

  • Competing Creditor Plan Alternatives
  • Underwriting Evaluation
  • Assessment of holding costs
  • Asset, financial and collateral analysis

Receivership

  • Certified Receivers in New York ¬†
  • Property Management
  • Development Management
  • Safeguarding