Distressed Development Services
Construction dilemmas.
Due to the extended duration of construction projects, many lenders today are faced with borrowers and developers who are unable to complete projects. Many new projects are entering markets with greatly reduced rent and income opportunities. As a result, equity is eliminated and construction completion is at risk.
Constructive solutions.
While the markets are deteriorating, the underlying security should not. With deep project management and development expertise, the professionals at Verity can assist a lender or investor in ensuring that their project is completed in a manner that will protect value and enhance marketability. For most property types, we bring the development expertise necessary to get a distressed project back on track. |