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SFP Property has extensive experience in taking LPA Receivership appointments, helping our clients to achieve successful outcomes where property is being used as security for a loan and the borrower is in breach of their loan facility.
We handle the day-to-day management of the property whilst negotiating with the lender and borrower to identify an acceptable resolution. This might involve the borrower correcting the breach, introducing an alternative lender willing to finance the debt away from the current lender, or leasing, asset managing and disposing of the property to recover the debt or maximising realisations.
SFP Property has over 12 years’ experience in advising Insolvency Practitioners in respect of property assets throughout England and Wales.
Whether it is advising on the value of an asset held within a company, or regularly advising Insolvency Practitioners on the sale and disposal of property assets in administration, liquidation and bankruptcy, SFP Property bring recovery expertise, professionalism and market knowledge to every instruction.
We have been involved in the disposal of all manner of distressed property, residential and commercial, throughout England, Wales and mainland Europe.
Prior to being appointed as Receiver, we will provide (at no cost) an initial strategy report, setting out the potential routes to a swift resolution. This report is based on the documentation made available and where possible an inspection of the property itself.
We will work extensively with Lenders and Borrowers and Insolvency Practitioners pre-appointment in the hope that a resolution can be arrived at without the need for an appointment. If it does prove necessary, the Receivers can be appointed individually or jointly. SFP Property typically takes appointments jointly, with qualified personnel available at all times.