The recent financial crisis has caused a significant drop in real estate values, which has led to record numbers of struggling buildings or stalled projects. Lenders are being forced to become the decision-makers or even the outright owners of these distressed properties, and are discovering that being an owner involves more than hiring a property manager or relying on the advice of lawyers or a leasing team. Lenders in this situation need someone to look after the overall value of their assets.

As a fully-integrated real estate company, Mascia Development is uniquely positioned to partner with banks and other lenders to assist with bank-owned assets or properties in distress. Our all inclusive servicing can provide you with the peace of mind knowing that your portfolio is being handled by a responsive, efficient and highly experienced company.

The advantages of Mascia Development’s REO and Lender Advisory Services include:

• Completing Unfinished Projects: Mascia Development’s development expertise to complete unfinished projects. We can re-start projects that are stalled at any phase of construction, and finish either to the original specifications or renegotiate the existing design and construction contracts. If necessary, we can work with our engineering and design partners to create new budgets, designs, and that give the project the highest probability of success in today’s market. 
• Asset Management and Leasing: Many recently completed condominium projects have excellent long-term prospects, but the today’s sales market and financing environment make it nearly impossible for any project to sell out. Our asset management and leasing team can help reposition the property for the rental market, lease up vacant units, and generate much-needed cash flow until the sales market recovers. More importantly, our professional, experienced property management services can help preserve a quality project's value, ensuring higher sales prices for units in the future. 
• Underwriting and Analysis: Our team is has years of experience in analyzing complex real estate properties and transactions. We can assist banks and lenders in underwriting and valuing individual properties or entire portfolios. Our analysis can also provide lenders with insight regarding their options for each project, such as whether to hold or continue construction, continue selling units as condos or switch to rentals, etc. By combining our abilities in market research and financial analysis, we can provide lenders with real solutions for their distressed assets. 
• Property or Portfolio Sales: Mascia Development’s asset management and brokerage subsidiary Mascia Management is a full service real estate brokerage, with sales professionals experienced in the sale of properties of all types and sizes. Our investor contacts and sales abilities can assist with the disposal of your bank-owned assets or entire portfolios.