LPA Receiver Services and Property Debt Advisory

While the full impact of Covid-19 is still unknown it is inevitable that there will be an increase in distressed debt in the property sector.  When a borrower gets into difficulty early intervention by an experienced professional will minimise the lender’s loss.  

In these situations, often the quickest and most cost-effective route to recovering the loan is through the appointment of an LPA | Fixed-Charge Receiver who has a range of enforcement procedures at their disposal. Some appointments are inevitable, however early engagement can identify problem areas which, if addressed, turn projects around and avoid the need for a formal appointment.

We help you find the right exit strategy to secure your investment and maximise your net recovery.

Find out how we are helping our clients maximise their loan debt recovery

 

Our Receivers

Our experienced Asset Recovery advisor and  LPA Receiver, Chris Price, is a member of the RICS and NARA (Non-Administrative Receivers Association) and has advised lending clients through the property recessions of the early 1990’s and 2008/9 on projects ranging from Self-build housing developmentLet residential portfolios to Film studios.  Appointments are taken jointly with our consultant.

Rory Dillon MRICS FNARA.  Rory has 15 years’ experience advising banks and property lenders across all sectors.

Portfolio

• Development of 20 flats;  Wells, Somerset
 – on behalf of major bank

•  Management & sale of nightclub;  Swindon, Wiltshire
– on behalf of building materials supplier

•  Management & sale of 39 bed, student complex; Bristol
– on behalf of principle contractor

•  Repossession & sale by auction of HMO; Newport, Wales
– on behalf of major high street bank

•  Management & sale of film studios; Bridgend, Wales
on behalf of top 4 accountant

articles

The First Loss is the Best Loss – Signs that all might not be well

In this second article, Chris Price looks at the current property lending environment and considers common pitfalls and indicators that all might not be well with a property development scheme

Chris recently acted as LPA Receiver in respect of a substantial client debt incurred in the construction of student accommodation in Bristol. This was a complicated case however a full recovery was made with the Receivership being handled in a most professional manner

Mark Cullingford - Partner, Thrings LLP (Bristol)

To see how we can help recover your property debt, contact our LPA Receiver

LPA Receiver