Receivers have access to our full range of commercial real estate services to maintain and improve the asset value throughout the legal process.
- Acting receiver in select assignments
- Client relationship management with special services, banks, insurance companies, note buyers and lender/special services legal counsel with appropriate Newmark resources
- Local receivership laws, rules and state statutes
- Nationwide attorney relationships
Lenders and special services in need of non-performing commercial loan services understand the benefits of working with an experienced receiver.
Our Services
- Assess additional information needed to operate the receivership
- Gather and maintain all records, leases, plans, files and documents that are available
- Hire, bid and oversee the completion of any necessary capital improvements
- Hire leasing resources to negotiate and modify leases at property as necessary to stabilize and enhance value
- If necessary, challenge real estate tax assessment for the property
- Keep all parties informed through required reporting to the courts and other requested reporting by parties
- Move quickly to take control of the rents and expenses at the property
- Prepare accounting in the required format for the property to keep all parties informed
- Provide market and property information
- Regularly prepare and update property budgets
- Stabilize and physically maintain the property per the receivership order
- Work with local governmental authorities to resolve any outstanding permit of entitlement issues
- Work with parties to assist in settling title issues plaguing the property
