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Workouts: Non-Performing Loan Sales & REO - page 3 / 54





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The early 1990s left the financial community in disarray as the savings & loans were enveloped by the RTC, leading to the last great recession.

Newmark Knight Frank was determined to play a major role in sifting through the carnage and assisting the financial institutions in the workout and monetization of their assets.

Paul Tharp of the New York Post said that we helped break the New York City real estate market out of its recession by leading Citibank and 17 Japanese bankers in the foreclosure of 1540 Broadway and the subsequent sale to Bertelsmann, the first sale of a New York City office building after a two-year lull in deals.

Court appointed receivers, bankruptcy judges, banks, S&Ls, insurance companies and others hired the Capital Group to draw upon their workout expertise developed during the 1970’s and late 1980’s recessions, to help institutions mitigate their losses and resolve the complex challenges that faced them. In addition to helping these institutions work out problems with their borrowers, Newmark Knight Frank was asked to step in and run the real estate, and then when required, manage the sale of the non-performing loans and the REO.

Today, Newmark Knight Frank Capital Group has evolved, adding other highly skilled professionals including former bankruptcy attorneys, city planners, CPAs and bankers with workout and asset management experience, all of whom understand real estate fundamentals. In addition, the Capital Group has developed a specialization in joint ventures, land development and strategic advisory. With clients like Whitehall Fund, JER, Verizon, New York University, GE Capital and others, Newmark Knight Frank Capital Group differentiates itself by tackling tough challenges and solving uniquely complex issues.

Capital Group

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