REAL ESTATE WORKOUT SERVICES

Miller Frishman Group offers the following services for distressed properties and loans:

• Receiver - Receivership services encompass the complete oversight, management and disposition of a property, including establishment of new bank and other financial accounts; collecting and processing rent proceeds; overseeing, managing and paying property expenses including payroll; and all other services stipulated in the Court Order appointing the receiver.

• Property Management - As property developers, owners and managers (including third-party management) for more than 30 years, we offer the full range of property management services. We have the capabilities and in-house credentialed senior property and facilities management talent to successfully manage every aspect of property operations including tenant relations; life safety issues; security; common area maintenance vendors, contracts, calculations and collections; rent collections; sophisticated accounting and financial reporting; leasing; tenant finish; property enhancement and renovations; construction management; strategic planning; and disposition.

• Leasing -Miller Frishman's leasing experience encompasses more than 14 million square feet of commercial, multifamily and investment properties throughout the U.S. Our leasing expertise includes retail, office, industrial/warehouse, R&D/showroom, single-user properties, special use properties, and multi-family communities.

• Construction Management - From completion of unfinished commercial and multi-tenant residential properties to commercial tenant build-out and major rehab projects, Miller Frishman Group's capabilities include planning, engineering, design, and construction --tightly controlling schedules and costs for on-time, on-budget project completion.

• Disposition and Investment Services - The principals of Miller Frishman Group have sold billions of dollars worth of performing and troubled real estate owned (REO) property. Our reputation for successfully assisting our clients in marketing troubled assets is a result of our years of experience with varying property types in markets throughout the U.S.; our sophistication with financing; and our ground-level insight into market conditions that influence an asset's current and future value.

• Note Sales - Miller Frishman's Loan Sales Group works with performing, sub-performing and non-performing commercial mortgage loans in the primary and secondary markets, combining real estate capital market expertise with widespread, hands-on commercial real estate experience including comprehensive understanding and evaluation of the lender’s rights under the lending terms and the underlying real estate securing the mortgage. Drawing on more than $3 billion in loan sales experience, it is standard practice for us to perform extensive due diligence on the loan or portfolio. We offer expertise in price-discovery, added liquidity, bringing the right investors to the table, and providing ease of execution regardless of the size of the portfolio.

Single Source Solution

Clients can hire Miller Frishman for any of the above services, or take advantage of the benefits of consolidating services to streamline the workout process and maximize loan recovery.  Many clients appreciate the convenience of a coordinated solution to manage the workout process from receivership through disposition; however some lenders and special servicers believe that it's appropriate to hire different companies for different disciplines. We believe the better approach is to have the receiver, the property manager, the leasing agent and the broker in seamless communication, all on the same team working toward the same goal: quick disposition with maximum recapture. Our system of checks and balances assures optimum performance. This approach also requires far less time and management for the lender or special servicer.

Please click here for examples of Miller Frishman's Property Workout Assignments.