CDC Workouts

Sage Auction Solutions has developed our 504 workout program to specifically help Certified Development Companies (CDCs) maximize the recovery when a 504 loan defaults and before it goes to foreclosure. We are experts at partnering with 504 lenders, CDCs, the SBA and the borrower, working out a plan to effectively resolve the default or sell the asset in an accelerated 30 to 45 day time frame, again, helping all stake holders to maximize the recovery. Our programs offer a win, win, for the lender, CDC, the tax payer (SBA) and the borrower.

Lets face it, in the current economy, holding is not a great option. Real estate values have suffered during this recession. In many markets they continue to go down. Selling sooner, than later, always produces a better outcome when the market is moving in this direction, buy and hold is never a good strategy.

How do I get all the stake holders to agree to a sale? If my appraisal doesn’t support a recovery, why bother? We don’t claim to be miracle workers, however, our program is a great option for the first lienholder which will likely get paid in full and this is the best chance a borrower has to get the highest value in the shortest period of time to avoid bankrupcy. The current value of some assets will not have a recovery for the CDC and SBA, we understand that, but a high percentage will. Even if the appraisal does not meet the SBA’s guidlines for recovery, let us take a look and determine if our program can get some recovery putting money back in the taxpayers pocket.

Sage has assembled a team of experts in commercial real estate, individuals with 20 years of experience dealing with tough to sell and tough to value assets. A number of our solution providers have past experience as asset managers for companies such as GE Capital and GMAC Finance. They know the stress you are under and the compliance issues you must deal with on a daily basis.

What more do I need to say other than pick up the phone and let us help. We have great people in all parts of this great country waiting to maximize your recovery and minimize your stress. 800-544-5186.