Dealing with non-performing loans secured by real estate assets.
Sometimes loans have problems. Circumstances change and the borrower’s original intentions can’t be fulfilled. We can help both lenders and borrowers find a solution where the loan is linked to, and secured by, real estate investments. Our aim is to help maximise the value that can be recovered from the secured asset, as maximising value will be in the interests of both the lender and the borrower, its customer.
Why Gerald Eve?
As a result of the considerable impact of the COVID-19 pandemic, CBRE Global Investors instructed Gerald Eve to carry out a review of their hotel portfolio within their various funds in April 2020, ranging from Jurys Inn to Z Hotels.
To recover proceeds from a non-performing loan secured by a multi-let central London commercial property. The value of the property had declined to an unacceptably low level and the lender was increasingly concerned by signs of the building being mis-managed.
To recover proceeds from a non-performing loan secured by a portfolio of commercial properties. The borrower, who was a major customer of the lender, had offered many promises to address the lender’s growing concerns but had consistently failed to deliver on them. The lender was however reluctant to appoint a fixed charge receiver due to the scale of the wider business interests with this borrower.
To recover proceeds from a non-performing loan secured by a vacant residential development site. The site had been sold but subject to staged payments and the purchaser defaulted on the payments. The vendor exercised its right to appoint fixed charge receivers over part of the site to recover the due payments.