Take five-Toone's tips to avoid distressed selling

摘要

Jeremy Toone, head of distressed real estate at Grant Thornton, tackled the best ways for banks to extract value from the property underlying distressed loans. His team has worked on some of the larger administrations since the downturn, including Kenmore, Glenkerrin and, more recently, Propinvest Group. Mike Phillips reports on his tips to avoid becoming a distressed seller Get the real story In times of distress, borrowers often withhold the real extent of problem situations from lenders, for fear of the consequences. Banks need to ensure they get the full story.