Real Estate Projects & Clients

The Bank owned a large project, which was mapped for over 500 lots but appeared to be losing its entitlements. We worked with the city and through some negotiation and project improvements, convinced the city to extend the tentative map approval.

DSI is a leading provider of management and consulting services on behalf of lending institutions, secured and unsecured creditors, shareholders, bondholders, and business owners. For almost 30 years, DSI has been guided by a single objective: Maximizing value for all stakeholders. DSI was one of two companies that were named as Co-trustee for a bankrupt hard money lender, whose portfolio included hundreds of projects. BDG is currently the appointed professional consultant to provide an array of services such as physical site and risk assessment, market valuation, onsite project management, construction management, entitlement analysis, and project disposition. These projects, over 30 throughout Southern California, included partially completed single family projects, attached residential projects, partially completed commercial projects and undeveloped land.

BDG has been selected to perform project management and construction management services for a major street improvement and overhead utility line relocation. The project is substantially through the design process and should be under construction by summer of 2010.

BDG has been working with the trustee on a large portfolio of distressed properties throughout California. Michael Vairin, President of BDG, recently reported that they were able to assist the Trustee in the sale of partially completed single family homes out in Coachella Valley. In addition to completing a variety of assessments, site protection work, and market valuations for the project, the Company also marketed the site to potential buyers with the strategy to maximize the full value and potential of the project. Much to their surprise, they ended up with 15 written offers with several at or above asking price. It appears that the market puts more value on assets that can be completed quickly and brought into the market. Upon conclusion of the bidding, an order was completed during the hearing and the judge signed the order. The result of this deal, the project closed escrow within 7 business days of the court hearing. If the above process is used correctly, it is a good way to insure that the underlying investors are getting the highest value within the market.

Learn more about BDG's distressed real estate services or contact Builders Development Group directly for a consultation.