Cushman & Wakefield has set up a resolution group aimed at market participants that need assistance in navigating the current turmoil in the financial sector.
Working at the loan, asset or portfolio levels, the group plans to help clients devise the best strategy to maximize the value of their properties.
“The challenges borne by the credit crisis and slowdown in the economy have increased demand among our clients for a comprehensive approach to problem resolution from the capital markets and real estate perspective,” says Frank Liantonio, executive vice president of global capital markets for New York-based brokerage Cushman & Wakefield.
Its resolution group will draw on the company’s market knowledge and resources to help clients with their strategies. The brokerage is targeting a client base of special servicers, government agencies, federal and state appointed receivers, banking institutions, law firms and opportunity funds.
To help maximize the client’s asset value, Cushman will use market data it has access to, including leasing and sales information. Cushman’s input could result in a short-term repositioning of an asset, or a decision to hold the asset for a longer term.
An immediate financial resolution could also be an outcome, which would result in the sale of loans or assets, or loan restructuring.
The Cushman restructuring team has expertise in the areas of asset management, financial analysis, valuation, leasing, property management, investment sales, loan sales, debt and equity finance, and litigation support.