Fractured Condominiums

Investing in broken assets not only generates healthy returns to investors, but is also a service to the communities where these properties are negatively affecting the economy.

Profiting from the purchase of stalled properties.

If it's true that you make the real profit on the purchase, not the sale, then now is the time to act on broken assets. We're deep into the real estate market down cycle, and a large number of condominium projects have stalled and moved through receiverships to foreclosure. These assets are being held by the banks that once financed them, but have not yet reached the market. These assets are being kept off the market in part to attempt to recover value by holding as long as possible, but more-over due to understaffed and overworked bank personnel. Regulators will begin to pressure banks to move these assets off their books to balance liquidity, requiring them to be sold at significant discount.

Through this opportunistic business model, Marquette can take underperforming and undervalued real estate, manage the asset to health during a 18 to 36 month hold, and remarket a repositioned product when the market returns to normal. Marquette's depth of experience in successfully operating condominium developments, as well as operating broken condos as a court appointed receiver, allows us to:

• Accurately underwrite the underlying value of the properties
• Acquire the asset in pre or post foreclosure sale, then stabilize and manage those properties post fore-closure
• Maximize the value of the underlying asset though repositioning and sale.

Marquette has deep and long standing relationships with banks, pension funds, attorneys, and advisors, which give us direct access to these troubled assets and non-performing loans. In some cases, we have an additional advantage as the appointed receiver during the foreclosure process.