Services.

We build short- and long-term liquidity forecasts at the company and asset level, mapping cash flows against operating expenses with the level of granularity an institutional capital partner expects to see.

Each model begins with a careful read of loan documents and joint-venture agreements, then layers in asset-level pro formas, historical operating costs, fee arrangements, accounts payable and receivable, and current cash on hand — so the picture you act on is the picture that holds up under scrutiny.

For distressed or underperforming deals, we reforecast the asset, rebuild or refresh the financial model, and recalculate returns under the conditions that actually apply today — not the ones the original deal was underwritten against.

From there, we size the capital need, lay out recap options with their respective stakeholder implications, and help frame the narrative for lenders and equity partners. We work across nearly every property type and major U.S. market.

On troubled assets, the difference between a good outcome and a damaging one often comes down to how the loan and partnership documents are read — and how the conversation with the other side is framed.

We review the underlying loan and equity partnership agreements in detail and provide strategic guidance for negotiating outcomes that work for everyone at the table, with the developer's interests clearly defended throughout.

Not every engagement starts in distress. For clients who see risk on the horizon and want to get ahead of it, we conduct a comprehensive review across the company and its assets — looking at where pressure is most likely to emerge over the next several quarters and years.

The deliverable is a set of strategic insights and prioritized actions designed to head off issues before they harden into the kind of situations our other practices typically address.