NAI Isaac - Central KY Commercial Real Estate Blog

  NAI Isaac has over 33 years of experience in Commercial Real Estate (CRE) best practices.   The company’s professionals have the skills and experience to successfully handle any Real Estate challenge, including the Receivership process. Receivership can take the form of (1) Property Management leading up to a foreclosure sale and (2) Property Management as an alternative to foreclosure while real estate collateral is being marketed.   Often, Receivers are appointed at the request of a lender to safeguard a property and rents if an owner stops making mortgage payments. In each situation, the Receiver is a neutral, legally appointed professional entrusted to manage the real estate collateral’s operations and finances until it is sold.   One example of a successful Receivership process is Chase Tower, located at 201 East Main Street in Lexington, Kentucky.   Built in 1973, Chase Tower remains foundational to Lexington’s Central Business District (CBD) and has b...

     As a financial or legal executive, you may find yourself faced with making decisions on how to best protect distressed commercial real estate assets. To maintain compliance and ensure diligence is conducted, lenders and servicers often rely on professionals well-versed in the Receivership process. Commercial Property Receivership experts provide essential skills and services that can assist to minimize losses, preserve property values, and avoid unnecessary risks.     NAI Isaac’s top three tips for navigating the Receivership process are: Receivership professionals should be able to customize a service plan tailored to your asset.  The Receivership process often contains nuances that need to be considered when working to minimize loss and stabilize value. Receivership professionals should be able to assemble an experienced team that can manage, maintain, and protect a property’s value. NAI Isaac can accomplish this ...