StreamCo®, LLC Receiver
Services & Disposition Strategy
StreamCo has a unique perspective. Our team has an intimate understanding of the challenges which are presented by a defaulting note, and we know how to deal with them. StreamCo regularly consults for regional and national lenders and our affiliate, Hospitality Receiver, LLC is one of the most active managers of REO/receivership hotels on the east coast. Lenders choose StreamCo because of our diverse experience, the strength of our relationships, direct engagement of our senior management, and because the firm is unencumbered by debt or other competing priorities.
Recognizing that each situation is unique, we evaluate the
circumstances and options with lenders and work with them to prepare
and execute a resolution plan. Depending on what is appropriate to the
situation we can provide asset management, receiver services, take-out
financing, franchise negotiations, property improvement plans, and
property marketing solutions.
Receivership & Commercial REO Management
Our executive team draws on deep experience in receiverships, acquisitions and re-branding to facilitate the smooth transition of operations for distressed properties. We are well versed in the legal process and variety of issues that arise in a receivership. Accordingly, we have well established national relationships with creditors’ rights, real estate, bankruptcy and transactional attorneys, as well as leasing and property management firms in all classes of commercial real estate.
StreamCo’s receiver and REO services focus on asset value protection & creation through revenue generation, tight expense controls, strategic planning, and include the following:
- pre-appointment review of the Order to insure sufficient authority is conveyed
- immediate evaluation of life-safety issues, permits and franchise license to insure uninterrupted operations
- sales and marketing assessment and recommendations
- physical property assessment and recommendations
- proforma forecasting and management plan
- selection, control and oversight of property management and leasing agents
StreamCo and our principals have experience in receivership and lender owned property asset management with more than two dozen properties along the east coast.
Please contact Ken Strickler, Managing Director /
Partner at (804) 433-1809 or email@example.com
to discuss hospitality services.