Receivers have access to our full range of commercial real estate services to maintain and improve the asset value throughout the legal process.
Acting receiver in select assignments
Client relationship management with special services, banks, insurance companies, note buyers and lender/special services legal counsel with appropriate Newmark resources
Local receivership laws, rules and state statutes
Nationwide attorney relationships
Lenders and special services in need of non-performing commercial loan services understand the benefits of working with an experienced receiver.
Our Services
Assess additional information needed to operate the receivership
Gather and maintain all records, leases, plans, files and documents that are available
Hire, bid and oversee the completion of any necessary capital improvements
Hire leasing resources to negotiate and modify leases at property as necessary to stabilize and enhance value
If necessary, challenge real estate tax assessment for the property
Keep all parties informed through required reporting to the courts and other requested reporting by parties
Move quickly to take control of the rents and expenses at the property
Prepare accounting in the required format for the property to keep all parties informed
Provide market and property information
Regularly prepare and update property budgets
Stabilize and physically maintain the property per the receivership order
Work with local governmental authorities to resolve any outstanding permit of entitlement issues
Work with parties to assist in settling title issues plaguing the property
