Property Based Assignments
Geoffrey Martin & Co have a wide range of experience in managing Property Based Assignments for private and institutional lenders.
Our involvement in distressed lends to property can range from a pure advisory role to formal appointments such as that of an LPA or Fixed Charge Receiver to in extreme circumstances that of an Administrator. This can range from roles over singular properties to businesses with substantial property assets including residential care homes and hotels.
We recognise that in the majority of cases it is imperative that lines of communications are restored between the lender and the customer and often we use our role as an intermediary. Partners at Geoffrey Martin & Co also realise and respect that in most Property Based Assignments costs are crucial, in particular where values of assets have been subject to external factors, and are therefore extremely flexible in respect of costs and ensure that any recommended solution adds value for both the lender and the customer.
More often than not the work of an LPA Receiver can purely involve the sale of a property and in this regard we are more than happy to recommend that the entire assignment can be carried out by chartered surveyors. Where this is not the case and greater involvement is required Geoffrey Martin & Co’s pragmatic and bespoke approach to all Property Based Assignments ensures the best results for all key stakeholders.
If you are lender and are concerned about the viability of any part of your portfolio please contact John Twizell in Leeds or Stephen Goderski in our London office.
Should you wish to review a summary of some of our recent assignments please click here.
Should you wish to review some of our properties for sale please click here.