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SFP Property were appointed by a high stream lender who’s relationship had broken down with the borrower. On appointment it was apparent that there were significant rent and service charge arrears as well as management issues.
SFP Property negotiated with all stakeholders and was able to bring the arrears situation into balance and dealt with various complex occupational disputes with the tenants.
Following this exercise, SFP Property arranged for a sale of the property in auction where it achieved circa 50% in access of valuation which resulted in a surplus to the lender.