There is a tsunami of commercial real estate loans coming due over the next few years. A certain percentage of these loans will be troubled and will not be refinanced resulting in defaults and foreclosures. The Asset Management and Court Appointed Receiver business concept envisioned by The Wiseman Company is unique due to the breadth of the combined experience and expertise of Gaw Van Male and the Wiseman Company in real estate law and real estate development.

In the commercial real estate market there are reportedly up to $500 billion in commercial loan obligations coming due in the next two years and numerous experts are predicting a wave of commercial real estate loan defaults.

As these loans default, there is clearly a need in the commercial marketplace for asset managers. In addition, since some banks are choosing to bypass the foreclosure process in favor of going straight to court, there is a growing need for court appointed receivers as well.

The objective of The Wiseman Company, Gaw Van Male venture is to acquire the responsibility for troubled assets from financial institutions and reposition them for maximum loan recovery.

The venture’s market area is Sacramento, Solano, Sonoma, Napa, Marin, Yolo, Contra Costa and Marin Counties. The type of asset we manage includes office buildings, mixed-use buildings and multifamily buildings.

Regardless of how the management of an asset is acquired (from the bank or from the court), the process is twofold:

1. To manage the asset. That is to determine the best way to market the property for maximum return (does it need to be remodeled or cosmetically touched up; should it be repurposed, etc.).
2. To manage the property. During the holding period the asset manager needs to be capable of properly operating the asset by handling tenant interaction, leasing and maintenance.

The partners in this venture offer the following areas of expertise to our clients

The Wiseman Company

• Land acquisition
• Entitlements
• Design management
• Construction management
• LEED certification guidance
• Brokerage – Commercial property sales
• Brokerage – Commercial property leasing
• Lease negotiations
• Commercial finance
• Property management – tenant retention
• Commercial property maintenance and engineering
• 24/7/365 on call capability
• Energy Star guidance
• Asset disposition – development of an analysis & market plan for each asset
• Space planning

Gaw Van Male Smith Myers & Miroglio

• Land Use/Development
• Landlord/tenant
• Leasing
• Financing/Workouts
• Transactions
• Construction
• Mechanic’s Liens/Bonding
• Environmental
• Asset Protection
• Tax
• Contracts
• Succession & Exit Strategies
• Litigation