services
Full-service receivership, substitute trustee and asset management.
preserving value
Our combined and integrated services make York Standard ideally suited to maintain – or increase – the value of a property in receivership or the subject of a bankruptcy proceeding, a key for creditors and debtors.
our services
receivership
We consult on the drafting of the receivership order to confirm that the order is drafted broadly enough for us to properly perform our duties as receiver. As soon as York Standard is appointed as receiver of a real estate asset we hit the ground running.
property and asset management
The protection, management and disposition of real estate assets is of upmost importance during and after the foreclosure process, and we are committed to providing the highest level of service in this regard.
substitute trustee
Standard's principals have served as substitute trustee or creditor’s counsel in excess of 300 complex commercial foreclosures across North Carolina. Our attorneys and team are able to handle multiple same day hearings and sales across the state.
construction management
Our in-house development and general contractor teams’ broad experience includes: life sciences, corporate, interiors, retail, healthcare, higher education, community, office buildings and multifamily.
trustee and bankruptcy
We have the capability to take over the leasing and sale of properties held in trust by financial institutions and to be retained by bankruptcy trustees appointed in the United States Bankruptcy Court to manage and sell real estate assets that are the subject of bankruptcy procedures.
commercial real estate owned
York Standard can offer its property and asset management services and provide brokerage services for CREO property. Having already managed the asset during receivership or updated title for the foreclosure, York Standard can provide increased efficiencies for a lender wanting an owner’s title policy after the sale.
cost-to-compete analysis
York Standard has provided cost-to-complete analyses for a wide array of assets including site improvement, commercial, office and industrial build-out, and condo and multifamily completion. Lenders depend on these analyses to execute strategic decisions for real estate assets to avoid cost overruns and to understand what the final disposition of the asset may bring.
More information
For additional information regarding our services, download the York Standard company brochure or reach out using the Contact Us button at the top of the page.
our approach.
Depending on the client's needs, we offer a flexible, but thorough, approach to turn properties around.
Consult on drafting the receivership order to ensure order is broad enough to properly perform our duties.
Take control of and stabilize troubled asset.
Review all property metrics including occupancy, outstanding violations, existing tenant health, accounts receivable, and physical condition.
Develop strategic approach to reposition asset and prepare for sale.
Recommend how to protect and repair asset in a cost-effective manner. Oversee construction projects. Aggressively market vacant spaces through commercial-specific platform. Renegotiate leases to increase property income potential.
Report progress through secure website and prepare property for disposition.