Services Overview - Westerra Realty & Management

1. PRE APPOINTMENT

Understand market area, goals and objectives of lender
Agree to terms and conditions
Agree on reporting requirements
Liability exposure, risk management, insurance review

2. APPOINTMENT

Take possession of asset
Conduct audit pursuant to court order
Secure records, leases, bank accounts
Assemble management team

3. PROPERTY ANALYSIS

Physical inspection, interviews and report findings
Market analysis and demographics
Identify strengths and weaknesses
Provide opinion of value

4. ESTABLISH ACTION PLAN

Develop property specific management plan
Title & environmental studies as needed
Coordinate MA I appraisal as needed
Financial reports, budget
Establish property deferred and preventive maintenance plans
Construction management as needed

5. RECOMMEND PROPERTY STRATEGY

Loan sale vs property sale
Hold vs sell
Single asset vs portfolio disposition
Disposition alternatives
Loan restructuring options
Value added options
Establish marketing strategy

6. DISPOSITION - REPOSITIONING

Establish pricing and term of sale
Implement value added ideas
Go to market
Review offers, contracts
Post sale administration

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Areas Served

PRIMARY MARKET AREA:

State of Utah

EASTERN IDAHO:

I-15 Corridor - Pocatello, Idaho Falls, Rexburg

SOUTHERN WYOMING:

I-80 – Evanston – Rawlins

WESTERN COLORADO:

Rangely, Craig, Meeker, Rifle, Grand Junction, Montrose

Westerra Realty & Management © 2022