DISTRESSED / SPECIAL SITUATION
Our Customers
Lakeland Asset Management Group aligns its interests with those of its clients. Performance based or success based engagements are our business model. Lakeland Asset Management Group works with lenders (both on a pre-foreclosure and post-foreclosure basis), limited partnerships, venture capital firms, private equity firms, family offices, high-net worth investors, corporate and insolvency counsel, receivership firms and senior management of real estate firms. Our clients are typically facing critical financial and operational issues, often resulting in limited capital resources, strained customer and financial relationships, liquidity problems and property sales and vendor issues.
Our Capabilities
Our principals have significant experience in work-out situations both as a lender, advisor and principal (borrower/owner). We have a deep understanding of the entire process and challenges facing special situations. We have been hired to perform detailed analysis on the underlying value of portfolios and individual properties as provide advisory services on management techniques. We have successfully developed and turned around hotel, parking and residential assets. We have implemented plans to lease-up vacant income property assets. We have successfully evaluated contractors, sub-contractors and vendors in order to settle disputes, reduce costs and provide more complete and improved services to the assets. We have analyzed large loan portfolios to determine net asset value, default estimates, borrower evaluations and loss reserves.
Our distressed and special situation advisory services:
......- Detailed property evaluation reports
......- One page property snap shot reports
......- Current market value and long term intrinsic value reports
......- Development viability report to include cost analysis, finish versus selling at a discount,
........markets assessment and absorption, sources of viable buyers and their wherewithal
......- Borrower assessment to include financial wherewithal and ability, emotional and
........experience factors
......- Market buyer report detailing active buyers, sales projections and strategies
......- Negotiating with the borrowers/developers on your behalf (all negotiations subject to
........lender approval) as well as recommending a work-out deal to the lender
......- Employees assessment reports
......- Vendor / supplier reviews
......- Contractor / sub-contractor reviews and negotiations
......- Financial modeling and due diligence
......- Advisory, sourcing and arrangement of alternative capital resources
......- Immediate cost reduction strategies
......- Execute and implement mutually agreed upon initiatives
......- Fraud investigation
......- Prepare Chapter 11 plans of re-organization with counsel
......- Represent Limited Partners to negotiate and review overall Partnership
......- Represent General Partners to provide third party asset and business plan analysis and opinions for
........purposes of Limited Partner negotiation and communication
......- Provide detailed loan portfolios reviews
......- Construction status
......- Budget (present status and total required to complete)
......- Cashflow and projected investor returns
......- Final proformas
......- TIC situations and limited partnerships
Individual Single Family Residential:
Lakeland Finance Group provides loss mitigation processing services for attorneys, brokers and servicing companies. This can be achieved through our affiliate Fidelity Loss Mitigation Services. Lakeland Asset Management Group in conjunction with Fidelity Loss Mitigation Services can provide the following services in this arena:
......- Loan modifications
......- Forbearance agreements
......- Short sales
......- FHA partial claims
......- Payment plans
......- Deed in lieu of foreclosure
