Distressed asset workout professionals maximize financial returns from troubled real estate projects
When your organization is navigating the icy, near-frozen credit markets in an effort to restructure its real estate debt, you need a trusted real estate professional with good relationships among lenders.
Plante & Moran has a team of seasoned real estate professionals with those credentials. Their experience ranges from restructuring a single distressed asset to restructuring more than $8 billion of debt involving more than 800 entities and managing the activities of more than 150 law firms. To your project we will bring more than 30 years of experience assisting owners and developers negotiate with their lenders to find out-of-court solutions to their debt problems.
Services for maximizing returns from troubled projects:
- Operational improvement
- Loan restructuring
- Workouts & debt modification
- Tax consulting
- Deal & restructuring
- Cash flow analysis, financial modeling, & project feasibility
- Litigation support
- Project financing, capital formation, & consulting
- Undertake receivership responsibilities
Bringing financial expertise to real estate
Our real estate clients depend on us for services such as loan restructuring, operational improvement, and credit workouts of distressed assets. If loan restructuring is the best solution for your organization, we can recommend and advocate various debt modification structures, review and comment on the feasibility of management’s assumptions, and analyze project completion costs.
If you are considering operational improvement, you can depend on our real estate consultants for cash flow analysis and operational assessments. We also can help assess and quantify alternative courses of action. In addition, we can assist with site inspections and preparation of asset condition reports.
We can help when credit workouts and debt modification are the answers
In cases of credit workouts and debt modification, we can help with the financial modeling of various assumed outcomes, analyze lender loan deficiencies, and guarantee exposure. For purposes of cancellation of debt, we can help you calculate entity or individual insolvency. If you need help selecting an ombudsman or resolving Deficit Restoration Obligations (DROs), we also have the experience to help.
You can depend on us to help with a schedule of liabilities based on the “Absolute Priority Rule” and a lender deficiency schedule for orderly and forced liquidation, as well as 1111(b) election consultation.
We can help you prepare for creditor meetings and presentations of financial information as well as calculate the cash available to pay secured, under secured, and unsecured creditors. Moving forward we can help you develop net operating loss tax strategies and negotiate standstill agreements.
These are very difficult times, but with our experience, we can help you most effectively navigate through these issues.