Today, many real estate owners and lenders face the challenges of maturing debt, complex capital structures, and differing opinions of value and projected cash flow. Our team of highly experienced professionals helps stakeholders — companies and owners; secured lenders; unsecured creditors; and trustees, receivers and examiners — decide how to preserve current value and create future value. Responding to troubled loans and market changes is challenging for all parties. FTI Consulting offers restructuring services for both debtors and creditors and guides clients through restructuring, capital sourcing, and resolution of distressed debt both in and out of court. Our professionals also provide strategic communications on all aspects of real estate restructuring issues.

 

Company-Owner Advisory Services

Our real estate restructuring professionals have hands-on operational and financial expertise.  They work closely with management, our clients’ legal advisors and related advisory professionals to address all technical requirements involved in the restructuring of real estate.

We help to create and support an environment of improved trust and communication, within which a comprehensive solution can be crafted enabling management to enhance and protect stakeholder value.

Our services include:

  • Business plan preparation and analysis
  • Analysis of refinancing alternatives and capital solutions
  • Liquidity management and preparation of financial projections
  • Contingency planning and analytical support for in-court and out-of-court negotiations
  • Identification of key tax issues and opportunities
  • Expert testimony, including support of plan assumptions, use of cash collateral and §363 asset dispositions
  • Marketing, management and administration of §363 asset sales

Secured Lender Advisory Services

We offer secured lenders a broad range of strategic and technical skills, hands-on experience and the ability to apply advanced analytic tools to the unique demands of each situation.  Our reputation for technical excellence, in-depth analytics and practical objectivity all are critically important to our success — and key in winning acceptance of our recommendations and opinions.

Regardless of the ultimate resolution, we provide decision makers with reasoned and documented analyses regarding all viable alternatives and help clients identify and pursue strategies that maximize recovery. 

Our services include:

  • Business plan review and diagnostics
  • Liquidity assessment and cash flow analysis
  • Operational performance review
  • Strategic alternatives and exit strategy formulation and analysis
  • Plan negotiation
  • Marketing, management and administration of §363 asset sales
  • Expert testimony, including cram-down interest rate and plan feasibility

Unsecured Creditors Advisory Services

We work with unsecured creditors and their professional advisors to help them analyze and understand the complex body of information and assumptions, as well as the interpersonal dynamics and negotiating positions of the parties involved.

FTI Consulting offers clients highly experienced restructuring professionals with proven track records of success in some of the most complex real estate restructuring events in recent memory. 

Our services include:

  • Business plan review and diagnostics
  • Liquidity assessment and cash flow analysis
  • Operational performance review
  • Strategic alternatives and exit strategy formulation and analysis
  • Plan negotiation
  • Marketing, management and administration of §363 asset sales
  • Expert testimony

Trustee Receiver Services

FTI Consulting professionals have served as court-appointed trustees, examiners and receivers (and their advisors) in Chapters 7 and 11 bankruptcy and forfeiture matters. We have been involved in some of the most significant out-of-court and judicial restructurings of the last two decades and understand the particular technical issues, risks and nuances that can arise in these circumstances.

Each case presents a unique set of challenges. Depending on the circumstances, our approach may include:

  • Stabilizing operations, implementing cash control measures, and coordinating and facilitating claims processing and reconciliation
  • Developing reorganization or liquidation plans and, when appropriate, managing the asset disposition process
  • Convening the various constituents at the negotiating table
  • Providing asset recovery services — including pursuit of avoidance actions, forensic accounting and investigation services — to maximize return to creditors

§363 Asset Sales — Marketing, Management, Administration

We help clients with the marketing, management and administration of §363 asset sales. Our dedicated real estate restructuring professionals have extensive experience managing sales of real estate-related assets in numerous bankruptcy proceedings.

With our broad knowledge and experience in §363 asset sales, we have a reputation for engaging sophisticated bidders and promoting the full extent of potential value. 

Our services include:

  • Development and administration of fair and efficient bidding procedures
  • Identification of stalking horse bidder and prospective universe of additional qualified bidders
  • Development of marketing materials
  • Aggregation of information and management of data room
  • Analyses and expert testimony to support court approval of sale results

Interim Management Services

The firm’s interim management services catalyze organizations in crisis or in transition, driving change in difficult situations. We restore credibility to unstable organizations while preserving, protecting and enhancing enterprise value for stakeholders.

Our interim management professionals are highly regarded, experienced executives focused on enhancing working capital and driving profit improvement strategies. We are committed to delivering immediate and meaningful results to companies and their stakeholders. Our interim management professionals:
 

  • Fulfill CEO, CFO, COO, CIO and CRO positions on an interim basis to help companies negotiate the restructuring process, achieve short-term viability, and drive long-term positive change and enterprise value
  • Identify root causes of operating and financial difficulties
  • Prepare and implement restructuring plans (including negotiation with key stakeholders such as debt and equity capital providers) and build positive cash flow to sustain growth
  • Realign internal incentives to drive appropriate behavior and change company culture
  • When necessary, draw additional analytical and industry-specialized resources from within FTI Consulting

Bankruptcy Administration & Reporting

Successful completion of the Chapter 11 reorganization process requires a viable, comprehensive plan for discharging financial liabilities. From the initial filing of schedules to final distributions, FTI Consulting provides proven solutions to claims management challenges.

FTI Consulting bankruptcy advisors assist in every step of the Chapter 11 process, from developing and securing approval of a plan to supporting rapid emergence from bankruptcy. The claims management team is backed by our proprietary Claims Management System, a flexible, multi-user information system that manages and resolves scheduled liabilities and claims. The Oracle-based platform maintains highly advanced and stringent security measures to protect client data.

Strategic Communications

We serve a global client base with strategic and tactical support across each stage of the business life cycle, including specialized investor and capital markets communications for companies engaged in the restructuring process. Through FTI Consulting, our clients have access to a broad network of industry influencers to rebuild and restore credibility during and after restructuring events.

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