Our Real Estate Restructuring Practice Is Diverse, and We Have Been Retained To Provide Services From Almost Every Possible Direction in a Case

Strategic Workouts & Restructurings

GlassRatner offers strategic workout and restructuring services to clients that need direct or indirect oversight for challenged or distressed properties. Our special asset team provides immediate solutions for lenders, equity investors, builders and developers.

We serve as an objective, professional, third-party resource for overseeing residential, commercial and mixed-use assets. We tailor our approach to each client’s needs, with services provided a la carte or as a complete turnkey package. Our menu of strategic workout and restructuring services includes financial analysis, impairment testing, feasibility analysis, asset management and construction management.

We will conduct a comprehensive review of the distressed property and recommend a program that maximizes the value of the asset. We always deliver objective and straightforward insights about the challenges and opportunities for each property we assess.

As successful workout professionals, we understand the conditions in today’s marketplace. We will evaluate the current situation, deliver an objective assessment and prepare recommendations for next steps. We typically include a global analysis of the client’s portfolio that may address any or all of the following debt types:

• Bank debt-recourse or nonrecourse
• CMBS debt
• Life and institutional debt
• Specialty finance debt
• Agency financing (Fannie, Freddie, HUD)

Borrower & Lenderside Advisory

GlassRatner provides comprehensive consulting services for complex real estate transactions across the United States and internationally. We serve both borrowers and lenders, and our clients include financial institutions, investment funds, public agencies, builders, developers and investors. We are often retained as the Chief Restructuring Officer (CRO) to provide an objective approach to complex and difficult restructurings.

We leverage our diverse project experience to deliver creative and pragmatic solutions for today’s complex real estate problems. We apply sophisticated analytical techniques and proven skills to address key service areas such as valuation, feasibility consulting, development, acquisition and disposition.

Real estate lenders, owners, investors, developers and public agencies are facing major challenges in today’s environment. We draw upon our skill, creativity and practical experience to help our clients achieve their business objectives in a real estate climate that is constantly changing.

For clients with assets that have loan maturity issues or may be over-leveraged, we provide advisory and restructuring services to negotiate with lenders or recapitalize potentially troubled properties.  Such services include:

• Capital stack advisory
• Workout advisory
• Loan modification advisory
• Loan assumption advisory
• Partnership dispute mediations
• Refinance solutions

Over the years we have developed, cultivated and managed results-oriented partnerships for improving our clients’ balance sheets and benefitting their portfolio positions. We can execute even the most difficult loan transactions efficiently and seamlessly.

Stabilization & Turnarounds

GlassRatner specializes in the stabilization and turnaround of underperforming real estate properties. It is our mission to mitigate the effects of a detrimental event that disrupts income generation and threatens property valuation.

Our experienced real estate advisors act quickly when stabilizing troubled properties. We identify the most critical issues and develop a list of priorities that must be addressed immediately. These actions halt the downward performance trend and protect the underlying value of the property.

Once we have stabilized a property we transition to the turnaround phase. We prepare a long-term asset management plan to improve performance and enhance future value. If the asset is a short-term hold, we help clients dispose of assets, identify the best brokers in the market, and work hand in hand with the brokers through the sales process and closing.  

Throughout the stabilization and turnaround process we communicate regularly with owners and investors. We prepare timely reports that clearly define the critical issues and describe the available remedies. We develop precise recommendations for improving performance and we act quickly to implement appropriate actions.

Liquidations & Loan Sales

GlassRatner executes real estate liquidations and loan sale transactions of all sizes. We have advised on both the buy side and the sell side of many successful transactions, and we maintain a comprehensive understanding of properties and market participants.

Our professional team members have extensive knowledge in all areas of private financing, including:

• Initiating, structuring and negotiating joint ventures
• Entity-level private placements
• Multi-investor funds

We also perform financial advisory services such as valuation, negotiation and execution for mergers and acquisitions. We provide fairness opinions and corporate structuring advice to management teams and Boards of Directors.  All of our services are supported by our strong financial modeling and due diligence capabilities.

Our clients count on GlassRatner to identify the best capital partners, structure sound transactions.