Is Your Company Holding a Distressed Property or Troubled Assets?

Let us help make you whole.

EpiCity has been helping financial institutions understand their options, prevent losses, minimize liabilities and maximize the dollar amount recovered for over 35 years. We’ve worked directly with private and institutional lenders as well as their borrowers to manage a wide variety of troubled assets including single-family homes, apartment communities, office buildings, warehouses, and self-storage facilities.

We believe there are three essential components for properly handling troubled assets:

1. Understand the Alternatives

It’s critically important that lenders understand their options. While foreclosure can sometimes save a portion of the investment, depending on the state of the asset, it can also result in greater liabilities. At times, the wise decision may be to simply walk away.

2. Take Prompt, Strategic Action

Lenders who take action right away have a significantly better chance of recovering the investment and minimizing losses. It’s the same advice you’d get from any medical provider: Early diagnosis and fast action are your best bet for overcoming a health issue. When the health of your asset is on the line, don’t wait.

3. Get Help

EpiCity is available at any stage to help identify options and design a plan for managing the asset. We can catch problems before they snowball and prevent them from becoming unsalvageable situations. In the early stages, such problems are typically easier, faster and less expensive to fix. But it’s never too late to get a second opinion. With our assistance, many properties have been resuscitated.

“We were looking for a property manager who had the capacity to manage a large asset, who was flexible and would keep costs in mind. We chose Tom Stokes and his group at EpiCity because they had the vertical integration approach and provided the best solution…Tom quickly became a trusted partner and we brought him in on the facility side to help the agent at that time with marketing approaches, necessary facility repairs, and basically everything – from soup to nuts. We like Tom’s mantra of “we’ll get it done” and he has provided supportive and mindful solutions to get the project stabilized.”– Freddie Deutsch, CEO & President, Signature Bank of Georgia

To schedule a no-cost, no-obligation consultation with EpiCity, please complete the form below. A representative will contact you within 24 hours.

 

“Tom and his team are the type of people who take the bull by the horns, walk into the most difficult situation and calm everyone down to think it through. Tom surveys a situation and he does what needs to be done. They have stepped into projects on the day of foreclosure and turned them around with much thought and energy. The team is sensitive, cares about others and my relationship with them is nothing short of an A+.”– Jay Kessler, President, Lib Properties