Our mission is to become our clients’ most trusted advisor by creating strategies and delivering solutions that enhance value.
The GCG Special Assets team offers cost effective, professional, independent management of court-ordered receiverships, problem assets and portfolios with customized, timely reporting and analysis.
We provide the leadership, strategy and execution skills for parties seeking to stabilize and/or dispose of assets in transition. Our experience working on all asset classes including land development, single family residential, multi-family, mid- and high-rise condominiums, commercial retail and shopping centers, office and industrial properties provides the wide-ranging knowledge required to maximize the value of assets.
DISPOSITION AND MARKETING
For bank-owned REO property of every real estate asset class, our market knowledge, vast investor database and depth of experience in navigating complicated transactions enables GCG to be a leading firm for sales of REO and distressed assets.
VALUATION ADVISORY SERVICES
Delivering a cost effective platform established to provide sound, accurate valuation and project advisory services, our deep market knowledge and real time understanding of market value enables banks to more efficiently and effective address their real estate needs.
PROPERTY AND ASSET MANAGEMENT/RECEIVERSHIP SERVICES
We are focused on loss mitigation, sustaining and enhancing real estate asset values for banks. Responsive maintenance and property management services are vital to preserve collateral asset values. GCG delivers comprehensive advice specifically tailored to each asset, with services aimed to maintain asset value and ultimately improve marketability for successful disposition.
- Possession and preservation of the asset
- Full review of all contractual services
- Management of all day-to-day operations
- Proactive management to establish the confidence of tenants and others
- Solicitation and management of contractors, vendors and other third party agreements
- Authorization, control and payment of payables
- Recommendations for deferred maintenance, extraordinary maintenance, and capital improvements
- Monthly income and expense accounting
- Reports tailored to the needs of the court and secured creditors
- Asset disposition and real estate brokerage
Receivership management can greatly reduce the lag time between taking ownership and selling a collateral asset. Using the foreclosure time to prevent waste and to maintain, preserve and possibly improve a property also increases the chances of maximizing returns on the property, and minimizing risks connected with unpaid bills, liens, tenant abuse or ownership misuse of revenue.
Provided by GCG are comprehensive and custom tailored to best suit each bank project. We provide value add services to bank executives, real estate lenders, and bank special asset and REO officers positioning banks to deliver best strategies towards their balance sheet management initiatives.