Wolf Commercial Real Estate specializes in receivership, REO workout, and management services for distressed commercial properties in New Jersey, Pennsylvania and New York. Our primary objective is to optimize financial performance efficiently and swiftly. We take pride in our distinctive approach and proven processes.
What is Receivership?
This is a legal process in which a court appoints an impartial third party, known as a receiver, to take control of and manage a property. This is typically done when the property owner is unable or unwilling to manage the property effectively, or when the property is in danger of foreclosure.
The specific services that a receivership and management company provide will vary depending on the needs of the property and the situation.
Our clients rely on our reporting and communication, trends within the region and at a national level, and local market knowledge.
In order to maximize financial performance for receivership, we provide:
- Asset Repositioning
- Budgeting and Reporting Services
- Property Disposition and Leasing
- Improving Results
- Streamlined Processes
Our receivership and management services can be a valuable tool for property owners who are struggling to manage their commercial properties.
Here are some of the benefits of receivership and management services for troubled commercial properties:
Protect the value of the asset: Receivers can take steps to stabilize the property and protect its value, such as making necessary repairs and improvements, marketing the property to potential tenants, and negotiating with lenders.
- Avoid foreclosure: Receivership can be used to avoid foreclosure, which can be a costly and time-consuming process.
- Maximize income: Receivers can work to maximize the property’s income by leasing vacant space and negotiating favorable lease terms.
- Reduce expenses: Receivers can also work to reduce the property’s expenses by negotiating with vendors and contractors.
- Resolve disputes: Receivers can help to resolve disputes between stakeholders, such as lenders, investors, and tenants.
When We Handle Problematic Commercial Assets, We Transform Complexity into Simplicity
Our clients expect us to operate at exceptional speed, and we are committed to those expectations. As the saying goes, ‘time is money’, and not only do delays exacerbate problems, but it increases the cost of receivership.
Whether it is an office, industrial, retail, land or mixed-use building, we are well equipped to cater to all client requirements. We place a significant importance on building successful relationships and continue to nurture those relationships.
Our clients highly value our expert guidance and have come to rely on our adept navigation through every step of the process, whether it involves stabilizing and selling a distressed asset or managing a workout or receivership.
Whatever the need is, we’ve got it covered.
