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