As real estate workouts consultants, StoneCreek Partners' expertise includes Hotel, Recreation, Office, and Entertainment Facilities. As real estate consultants, this can take many forms, from a "hands-on" asset management role, to support of negotiation or "operational triage" efforts, to aggressive advocacy of a client's workout position to lenders, third-party investors, local citizen groups, and/or government agencies.
Leading real estate companies, banks, and investment firms come to StoneCreek Partners when faced with strategic challenges during crucial points in an economic cycle. In a downturn, we provide turnkey services to help them value, acquire, reposition, manage, or dispose of distressed real estate assets that may be in jeopardy of loan non-compliance. Our seasoned experts, in depth knowledge of local markets, and more than 30 years of strategy experience provides our clients with objective and insightful recommendations that are analytically based and action oriented.
Stonecreek Partners' regarding distressed assets:
Asset management
Bankruptcy workouts
Advisors to creditor committees
Consensual workouts pre-bankruptcy
Preparation of operating budgets
Oversight or direct marketing, tenant relations
Oversight or direct property management
Oversight and implementation of capital improvement programs
Update financial underwriting models
Develop annual business plan
Summarize current asset/portfolio performance
Coordinate compliance with loan agreements
Some of the items that may be included in a particular asset workout plan include:
Property Inspection
- Deferred maintenance needs
- Capital improvements
- Entitlement audit
- Marketability assessment
- Physical improvement plan
Competitive Market Survey
- Occupancy studies
- Competitive property review
- Market supply / demand
Business Plan Review
- Plan documentation review
- Plan viability
Property Operations
- Property management reviews
- Operations reporting
- Marketing audit
- Revised marketing plan
- Construction audits
- Expense pass-through audits
- Lease reviews
- Operational redirection
Deal Restructuring
- Management agreements
- Debt restructuring potential
- Loan modification plans
- Equity infusions / restructuring
Alternatives Review / Property Re-Use
- Land use, zoning modifications
- Disposition alternatives
- Build-out, development alternatives
