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Burdened with a distressed property? Now what?
Sometimes it happens without warning. A borrower defaults on their loan leaving the lender burdened with a distressed property. As much as we try and plan for these kinds of things, sometimes an investment goes south. What do you do now? Act Quickly:Â The more promptly one acts on saving a troubled asset, the higher the
Sell Now vs Sell Later
When a lender, institution or property owner has a distressed property, he or she is faced with a difficult decision. Sell now or hold on to the asset until it appreciates and can be sold later to get a better return on investment. Many banks or financial institutions choose to sell for a loss in
Why Is Your Asset Underperforming?
There are many factors that can cause an underperforming asset to become distressed. Externalities such as natural disasters, mismanagement and the overall state of the economy can all contribute to the decline of a property and the need to take action. The goal is to carefully determine exactly why an asset has become distressed and
Urban Farm Collaboration Between EpiCity and Natural Born Tillers In The News
Community Gardens have been popular for years and are usually associated with leisure. However, a recent collaboration between EpiCity and Natural Born Tillers (NBT) has led to an abundant urban farm experience at several EpiCity properties. Check out the press coverage EpiCity has received for this project below. Atlanta Journal Constitution Buckhead Reporter Georgia Trend My
Recognizing a Troubled Asset
Troubled assets are like health problems. The quicker one acts, the more likely the asset will be saved. The big issue is that like health problems, assets do not come right out and tell you that they are distressed. As a lender, you have to determine whether the asset needs help. We will start by
Top Three Areas We’re Watching in Atlanta
Studioplex Studioplex, LLC owns a nine-acre mixed use project on Auburn Avenue in Atlanta’s Old Fourth Ward neighborhood in the former cotton warehouse and has partnered with Columbia Ventures. The joint venture completed a 375-space parking deck in January 2017, and has plans for 19 townhomes above 32,000 square feet of retail with BeltLine frontage.