Longleaf provides due diligence and site evaluation services to assist banks and other lenders in ascertaining the value of their land and building assets. Evaluating any asset, especially distressed assets and REO properties, requires a thorough understanding of the existing and future entitlements required by local regulatory agencies.
When projects are no longer active due to lack of on-going work, permits and entitlements may expire, development fees may rise, and new development requirements may be applied to the site; all of which can impact the ability to develop or sell the asset. Longleaf has the expertise to evaluate existing entitlements and recommend a course of action for maintaining or altering them as needed to position the project for future success.
With partially or fully developed projects, maintenance issues may lead to violation notices, fines, and degradation of existing infrastructure and other site work. Additionally, the expiration of performance and warrantee bonds can hinder future efforts to dedicate infrastructure to the local jurisdiction. Longleaf provides the on-going site supervision needed to manage these issues and protect the client's investment.