NAI Global, the world’s premier managed network of commercial real estate firms and one of the largest real estate services providers worldwide, and Chesterfield Faring Ltd., a leading real estate restructuring group, today announced a joint venture to assist clients in need of financial restructurings.
NAI Chesterfield Capital Advisors LLC, provides financial restructuring advisory services critical to REO and distressed property sales for any bank owner, investor or corporate space user. Working with NAI members across North America, the new joint venture will quickly expand its offerings through NAI’s global network to provide services to both lenders and borrowers worldwide. Already active in the loan sale, REO disposition, receivership and asset management sectors, the addition of this expanded loan restructuring capability enhances the scope of NAI Global’s Special Asset Solutions Group.
“As the economic crisis that gripped the world for the past two years winds down, NAI is actively working with distressed real estate assets, representing both lenders and borrowers seeking to restructure their debt,” said Jeffrey M. Finn, President & CEO of NAI Global. “In partnership with NAI Chesterfield, we’ll be able to further enhance our Special Asset Solutions service offering for both sides of the sector as the market continues to strengthen.”
“The value for Chesterfield is the ability to provide our services across the country and potentially throughout the world,” said Lawrence Selevan, CEO of Chesterfield Faring Ltd. and NAI Chesterfield. “NAI provides localized knowledge and local buyers/investors, maximizing results for lenders and providing access of capital for buyers of debt and assets in capital weak markets. We believe we can create efficiencies in the market.”
The dedicated staff at NAI Chesterfield is equipped to create top-flight loan underwriting, asset valuation, analysis and market research for each asset. NAI Chesterfield will work with both lenders and borrowers to bring distressed situations to a rapid equitable resolution for both sides to avoid protracted legal action.
NAI Chesterfield will also provide more traditional capital markets expertise to NAI clients including fresh capital infusions, debt & equity placement, capital restructuring, valuations, research and advisory services. NAI Chesterfield is based in NAI Global’s New York City office. Visit www.naichesterfield.com for more information.
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