D.A. Rich Company has the expertise required to handle a variety of distressed situations including non-performing loans, under-performing loans and the management, leasing, liquidation or redevelopment of real estate owned property. We have been involved in numerous types of monetary and non-monetary loan defaults, work outs, mortgagees-in-possession, turnaround transactions and foreclosures including judicial and non-judicial foreclosures, court-appointed receiverships, bankruptcies and deeds in lieu. Since our company is well acquainted with these processes, we can provide the necessary tools for both a smooth transition and the financial flexibility to maintain and create value in assets.

Receivership Services:

  • Loan workout strategies for debtors and creditors
  • CMBS and CDO Pool-Acquisition Due Diligence
  • Underwriting and physical inspections
  • Broker Opinion of Values (BOV’s)
  • Exclusive Disposition Agent of REO and Mortgages
  • Stabilizing property operations and ensuring tenant retention
  • Development and implementation of the strategic property plan
  • Oversight and direction of on-site property management team
  • Evaluation and creation of marketing, advertising and leasing strategies
  • Devising and implementing an optimal exit strategy

Given the economic problems resulting from distressed bank assets, D.A Rich Company recognizes that time is money. We take every measure to ensure that the finances associated with the distressed property are handled professionally and efficiently. Our office is equipped with the latest technology to maximize productivity and tailor to the needs of our clients. We pride ourselves on the accuracy and timeliness of our accounting reports. Financial information is provided in comprehensive, user-friendly formats to present an accurate picture of your property’s fiscal condition.

Receivership Property Finance Services:

  • Rent and other income collections
  • Production of delinquency notices and monthly delinquency reports
  • Coordination with owner and owner’s attorney on collection matters
  • Bill invoices, verification and payment
  • Financial statement preparation
  • Money management services