Commercial LPA Receivership
Fixed charge property receivership or LPA receivership advice, is a very specialist service that is required by a lender, when secured property assets have become compromised by a mortgage default.
At Soloman Asset Management our team have worked with a large number of lenders from lots of different areas in the UK, our expertise means that we can help resolve any issues with property throughout the country.
Our service for Commercial LPA Receivership
Commercial Lenders
Soloman Asset management have acted for a number of large lenders across the UK since we were first established.
We ensure that when dealing with any LPA Receiverships that we are fully compliant. Some examples of what you will receive if you choose to work with us are:
- Fixed Fee Schedule
- MI Reporting and management system
- Proactive and professional management of all third parties
- Maximised returns against your security
Development Loan Providers
A development loan is usually secured on the value of the undeveloped site initially, with further monies being advanced to the developer as construction proceeds.
At Soloman Asset Management, we can assess and devise an appropriate exit strategy in each specific circumstance that will secure the result.
Bridging Loan Providers
Having devised an approach for commercial lenders, we knew that our service at Soloman Asset Management could be tailored to provide a service that produced results for lenders offering bridging loans. We have taken the time to understand the lenders requirements specifically when we look at the timescale of some of the swift resolutions that are needed to resolve a situation.
Customers
How do we address customers when it comes to a Commercial Receivership?
At Soloman Asset Management, we want to ensure the best outcome for all stakeholders whether that is the lender the tenant or the customer.
Soloman Asset Management take this role very seriously and we will do everything in our power to ensure that all obligations and duties are met to ensure the best outcome for everyone involved.
Compliance
At Soloman Asset Management, we act for a number of parties all of whom will have different requirements and legislation that we will have to adhere to. An example of these are:
- Major high street lenders
- Mortgage service providers
- Short term lenders
We are compliant with RICS.