The Real Estate Workout

As a fully integrated real estate developer and manager, with vast experience in managing distressed property and work out situations, Cityscape provides professional management, geared to acquiring and/or managing high value distressed assets and maximizing the value of its portfolio.

• Business evaluation

 

• Strategy formulation

 

• Going concern analyses

 

• Liquidation analyses

 

• Orderly asset liquidation

 

• Disbursing agent functions

 

• Plan feasibility analyses

 

• Cost controls

 

• Lease renegotiation /Lease termination

 

• Intensive, hands-on due diligence, on an asset-by-asset basis

 

• Reviewing and /or developing rent rolls, occupancy rates and market lease rates

 

• Reviewing and /or developing financial statements

 

• Reviewing loans, notes and mortgages

 

• Reviewing and /or developing property condition reports

 

• Reviewing and /or developing management agreements

 

• Reviewing and developing zoning and land use issues

 

• Reviewing and managing construction process

 

• Comprehensive site inspection to confirm its occupancy, rental rates and conditions

 

• Evaluating investment risks and opportunities

 

• Reviewing each asset, from vacancy rates and market characteristics to cash flow and underlying loan characteristics

 

• Review of contract documentation.

 

• Analyzing the present economics of a project versus the assumptions used prior to development

 

• Reviewing financing rates and agreements

 

• Management of assets

 

• Asset refinance and/or disposal

 

• Unbundling of mortgage backed securities

 

• Management of litigation

 

• Navigation through bankruptcy and creditors’ issues

 

• Reviewing environmental issues,

 

• Reviewing and /or developing property operations budget

 

• Reviewing for commissioning appraisals

 

9 Trinity Street, Suite 200 Toronto, Ontario Canada M5A 3C4 Tel: 416-364-1177 Fax: 416-364-4793 © Cityscape Development Corp. 2014