If a company begins to default on its loans and not meet its obligations to lenders, FRP can step in to help reach a solution. We’ve acted as receiver for every kind of property development, managing the release of assets, collection of rent and preparation of the development for sale.
In short, FRP takes care of all the day-to-day details to recover as much as possible. Even for developments that are not yet complete, our experienced team can advise on the best strategy – whether completing the development or selling it another developer.
We bring cool-headed pragmatism and wide-ranging experience to the table. In situations where there are little to no assets, we work flexibly to make sure the costs are kept as low as possible.