Tax Appeal
Breakwater will lower a candidate’s property tax liability to the full extent of the local assessment regulations. Most appeals are handled at the administrative level; however those that need further pursuit through the court system will be challenged litigiously. With extensive underwriting expertise and a broad network of strategic relationships nationwide, Breakwater is able to service local and national clients with the same quality and efficiency. Contact Breakwater for free consultation on your assessment.
Consulting
Breakwater provides consulting for a wide variety of clients including, institutional and regional owners, institutional and regional banks, and third party service providers including property managers, lawyers, special servicers, and accountants. Services are broken down into three categories, asset management, investment, and capital advisory.
Asset Management:
The asset management category consists of solutions for cash flow problems at the property level. Maximizing cash flow is essential in today’s uncertain market, and solutions may include:
- Expense Analysis
- Expense Reduction Programs
- Prospective and Renewal Lease Analysis
- Rent Analysis
- Market Studies
Investment:
When selling and buying opportunities present themselves in today’s market, participants may need outside assistance and/or analysis. Breakwater can provide insight and analysis when deciding whether an acquisition or disposition is the best course of action. If a client decides to move forward with the transaction, Breakwater is available to assist them through the closing process.
- Acquisition/Disposition Underwriting
- Due Diligence
- Distressed Asset Turnaround Strategies
Capital Advisory:
As market values are impacted by economic conditions and de-leveraging exists, it is imperative for property owners to maintain a high level of understanding and awareness of their lender default tests. Breakwater can create and maintain default stress test models and monitoring procedures which apply to a property’s specific set of loan documents, including:
- Debt Coverage Stress Models
- LTV Tests (mark to market)
- Loan Document Abstracting
- Capital Event Analysis