Understanding the Asset. Improving the Outcome.
When real estate situations become challenging, understanding the underlying asset is critical. Close Advisors combines 25+ years of real estate investment and asset management experience with lender-side insight to help stakeholders understand the current position, assess strategic options and maximise outcomes.
Stressed Real Estate Situations
When business plans drift off course, market conditions change or enforcement becomes a possibility, stakeholders need a clear understanding of the underlying real estate and reassess the options available. Close Advisors supports stakeholders facing situations such as:
- Development cost overruns
- Slow sales velocity
- Leasing underperformance
- Delayed project delivery
- Occupier or operational challenges
- Liquidity pressures
- Refinancing difficulties
- Business plans that no longer reflect market realities
- Enforcement and recovery considerations
Asset Diagnostics
- Why is the business plan underperforming?
- What has changed since origination? Challenge assumptions.
- Asset’s context within the market?
- What risks are emerging?
- Where does value sit today?
Strategic Options
- Can the current strategy be recovered?
- Can a consensual solution be achieved?
- Is intervention required?
- How will enforcement affect value?
- What route offers the best outcome?
Execution Support
- Translate strategy into cleat action plans.
- Implement enhanced lender oversight and reporting.
- Coordinate asset-level delivery.
- Drive value protection and recovery.
- Prepare for refinancing, disposal or receivership.
CRO & CRO SUPPORT
CRO & CRO Support Providing asset-level expertise to lenders, boards, insolvency practitioners and Chief Restructuring Officers in complex real estate situations. Close Advisors brings independent advice that informs the wider restructuring strategy.
- Independent assessment of business plans, asset performance and recovery options
- Challenging assumptions and identifying opportunities to protect or enhance values
- Strategic input on restructuring, refinancing, disposal and recovery strategies
- Support with borrower engagement, consensual restructurings and amend & extend discussions
- Asset-level oversight and practical execution support throughout the restructuring process
The Close Advisors Perspective
Ben Du Boulay is a real estate specialist with more than 25 years’ experience across investment, development, asset management working for private equity, institutions, private investors and lenders. Unlike market-led advice, his equity-side cradle-to-grave experience from acquisition, execution of business plan and exit enables him to give a deep and thorough assessment of each asset and identify how better outcomes can be achieved.
Ben specialises in situations where business plans have drifted off course, market conditions have changed or stakeholders require an independent assessment of the options available. His experience spans residential, commercial and mixed-use projects.
Combining investor-side experience with lender-side insight, Ben brings a practical, commercially focused perspective help lenders, lawyers, restructuring professionals and other stakeholders understand the current position, evaluate strategic options and improve outcomes.
Ben Du Boulay
Phone: +44 (0) 7747 460447
Bendb
@
close-advisors.com