A vacant commercial property awaiting new use

Project Advisory

Before a loan
goes wrong.

Loan management, early intervention and recovery
for bridging and development lenders.

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Recovery starts long before receivership.

Most problem loans are resolved without a receiver. We get involved at the first sign of drift, establish the true position and steer the loan towards repayment through refinance, restructure, sale or, where it is right, enforcement.

Receivership is a tool, not the strategy. Early intervention protects options, gives the borrower a workable route forward and gives the lender a clear, evidenced record of proportionate decision-making.

One team stays with the instruction from first review to redemption, managing the loan strategy and the asset with autonomy if formal enforcement becomes necessary.

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Three ways to instruct us.

A clear commercial structure that follows the life of the loan: fixed-fee assessment, monthly management, then recovery or enforcement only where needed.

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Assess

Fixed-fee Loan Position Review

  1. 01Independent review of the loan, security, borrower and asset position
  2. 02A clear view of risk, options, costs and likely recovery routes
  3. 03Practical recommendations for refinance, restructure, sale or enforcement

Manage

Monthly loan and portfolio management

  1. 01Direct, constructive borrower engagement from the lender’s side of the table
  2. 02Agreed milestones, information requirements and payment-event planning
  3. 03Credit-ready reporting through to refinance, sale or redemption

Resolve

Recovery and proportionate enforcement

  1. 01Hands-on asset strategy to complete, refurbish, let, manage or sell
  2. 02Restructure and consensual recovery wherever that remains the best route
  3. 03LPA receivership and insolvency appointments through NARA-qualified IP partners where required
Kynan Benjamin, Director, Project Advisory

Lender-side experience

We have sat onthe lending side.

Project Advisory Director Kynan Benjamin has originated, managed and worked out property loans from the lender’s chair. We know what credit committees and senior management need, and how borrower conversations actually unfold.

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Why Project?

A London property requiring considered lender-side advice

Problem loans,
handled early.

How an instruction runs

From first review
to redemption.

  1. 01

    Review

    We examine the facility, security, borrower position and property evidence, then identify what is driving the drift.

  2. 02

    Plan

    We set out the viable routes, likely recovery, costs, risks and decision points in terms a credit committee can use.

  3. 03

    Manage

    We lead the borrower conversation, coordinate the property work and report against agreed milestones through to a payment event.

  4. 04

    Resolve

    We deliver refinance, restructure, sale or redemption, escalating to proportionate enforcement only where required.

Our advisory team.

Kynan Benjamin

Kynan Benjamin

Director, Project Advisory

Richard Boyle

Richard Boyle

Chartered Surveyor

James Buck

James BuckAssocRICS, RICS Registered Valuer

Chartered Surveyor

Russell Beck

Russell Beck

Asset Manager

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