LENDER SERVICES FOR MULTI-FAMILY AND RETAIL

Brown Investment Properties, Inc. has extensive experience as Receiver, Receivership Management, and Foreclosure/Bankruptcy Management from 1990 to the present.  We have been Receiver or managed for the Lender in multi-family, mobile home park, retail, industrial, and office properties.  Brown Investment Properties, Inc. is recognized as expert in property management by the North Carolina and United States court systems. 

We can be bonded within 24 hours of appointment by Court.  Our “Property Takeover Team”, including experienced management, maintenance, leasing and accounting personnel are ready at all times.

Fee is inclusive of services listed below, subject to Integra Bank requirements, specifications, and modifications or additions following approval by Brown Investment Properties, Inc.

COMMUNICATIONS and REPORTING

Executive-Level Point of Contact
Executive Oversight of Corporate Services
Coordination of Communications among All Stakeholders
Standard Monthly Reporting to Court, Attorneys and Other Parties
Documentation of Receiver Activities and Summary Reports
Final Reporting and Transitioning Through Foreclosure or Settlement

MANAGEMENT

Needs Analysis and Strategy Development for Receivership Period
Coordination of Repairs and Maintenance
Negotiation of Service Contracts
Supervision of Contracted Services
Supervision of On-Site Staff, If Any
Response to Homeowner Requests
Contracts Records Maintenance 
Monthly Reporting of Management Activity

ACCOUNTING

MRI-based Management of Payables and Receivables
Aggressive Collection of Delinquencies
Calculation and Billing of Cost of Services, Tax and Insurance Escalations
Tracking of Operating Expenses
Invoice Processing and Payment
Prepare Annual Operating and Capital Budgets As Requested
Insurance/Risk Management
Payroll and Benefits Management for On-Site Staff, if any

ADDITIONAL SERVICES

CONSTRUCTION/CAPITAL IMPROVEMENTS SUPERVISION:

Brown Investment Properties, Inc. will competitively bid, negotiate, contract for, oversee and manage through to completion major construction of capital improvements as requested.