Real Estate Banker & Investor Services

 

Distressed Property Consulting Services

Aimed primarily at financial institutions, receivers and private investors, BPG’s distressed property services are designed to help manage the unique liabilities inherent in residential real estate development when completed or partially-completed projects change ownership. In many cases, the standard risks of construction are amplified by the possible lack of continuity in construction management and/or the dissolution of customer service programs when projects change hands. BPG can help financial institutions understand the status of a project and then develop a customized program to manage the risks, primarily from construction defect claims, or implement a program that will make the marketing of the project easier by alleviating some of the risks faced by potential buyers.

BPG can assess the current status of the project through inspections, construction and due diligence assessments. BPG can then implement a homeowner care program that includes homeowner turnovers, punch list management, limited warranty and manuals and post-sale customer service. For projects that are still under construction, BPG can work with insurance carriers and brokers to administer a new OCIP wrap program where a change in ownership may have caused insurance policies that were in place to have lapsed.

Our complete package includes: