Asset RESOLUTION
Morrison Grove provides the highest level asset resolution services both as an adjunct to its general asset management services, and also as a stand alone specialty. For distressed portfolios requiring sophisticated and aggressive management, Morrison Grove can provide timely and precise solutions by leveraging the deep experience of its senior management to provide clients with all available options when faced with challenging situations.
Since the collapse of the real estate credit markets and the ensuing drop in asset values, the principals of Morrison Grove have accomplished the following
- Restructured over $2 billion of loans backed by commercial and residential real estate investments with various lenders
- Managed over $1 billion in pension fund accounts of commercial real estate investments during cycle down turn
- Negotiated and completed the sale of a portfolio of $500 million of multi family projects
- Negotiated sale of an Agency Lending business (Fannie Mae, Freddie Mac and HUD licensed lender) with annual production of over $800 million
- Directed the foreclosure of properties with an estimated value of $120 million
Morrison Grove's Asset Resolution Services include:
- Initial Situation Analysis
- Legal review
- Asset physical assessment
- Cost to complete analysis if required
- Required appraisal updates
- Market review and analysis
- Assessment of Investor Alternatives
- Hold / Sell analysis
- Financing availability
- Investor participation options
- Asset Pursuit and Control
- Foreclosure or deed in lieu management
- Construction management when required
- Direction of property management
- Manage sales or leasing activities
- Litigation support from initial suit through recovery
- Investor Asset Valuation Services (FAS 157 compliant)
- Fee simple or leased fee interests
- Senior, subordinate or participating debt
- Partnership, LLC or corporate interests