REAL ESTATE WORKOUTS
Commercial Real Estate Workout Specialists
Reichel Realty is South Florida’s resource for the expertise, strategies and hands-on services that make the most of a distressed property’s value potential. A well executed loan workout can help owners of troubled properties preserve their investments in the face of declining property values, stalled completion or tightened cash flow.
With a combined track record of more than $4.5 billion in successful real estate workouts and dispositions, President Bill Reichel and Managing Director Peter Filomena have the experience and know how to tackle the most complex real estate challenges. As former banking executives and respected real estate professionals, they understand the needs of lenders and owners.
As a “single source,” Reichel Realty helps lenders, investors and property owners avoid the pitfalls and protect the value of their commercial real estate assets:
- Loan and real estate collateral review
- Pre-foreclosure analysis
- Bankruptcy trustee
- Successor developer liability issues
- Construction of unfinished projects
- Real estate management, leasing and disposition
- Sale of loan portfolios
- REO dispositions
Case Study / 6001 Park of Commerce Blvd., Boca Raton
Reichel Realty represented 1st United Bank in disposition of this office-warehouse building. While ideally located just off I-95, the building, listed for two years, hadn’t sold until Reichel was engaged. Within 30 days, Reichel tapped into its network, secured a buyer (a former tenant representation client) and put the deal together, including facilitating financing thanks to the firm’s strong relationship with a lender.
The 6001 Park of Commerce building was a very challenging asset for the bank and Reichel Realty found an ideal buyer at a target price for 1st United. We are grateful to Bill Reichel and his team and look forward to working with them again in the future. – Rudy Schupp, President and CEO, 1st United Bank