Special Assets Lender Services for Miami and Miami Beach CRE. Loan Workout Consulting Services.

AG’s blend of expertise in development, commercial loan workouts, asset management and disposition of commercial real estate portfolios can be available to small and mid-size lenders at a fraction of the cost of maintaining an in-house special assets division.
 
AG may assist, and thereby add value to in-house special assets groups, or AG can manage the workout and recovery process, reporting to the institution’s senior management or board of directors. AG works closely with the institution’s legal counsel, or may recommend targeted legal representation for more complex cases.
 
Services:

  • Loan Portfolio analysis and risk assessment.
  • Loss mitigation advisory.
  • Evaluation, recommendation and implementation of Loan Workouts and Re-Structuring Options.
  • REO Takeover Management Plan.
  • Strategic re-positioning of REOs.
  • Disposition consulting.

 
Asset Types:

  • Fractured Residential Condo Projects – New and Conversions
  • Fractured Commercial Condo – New and Conversions
  • Multi-Family Rental Projects
  • Land
  • Shopping Centers
  • Office Buildings
  • Industrial Properties
  • Medical Facilities
  • Hotels
  • Mini Storage Facilities

 

Recent Representative Transactions

Shoppes of IL Villaggio:

      • 2015: Sold Suite 102, a ground floor 579 sq. ft. retail condo, for $900,000, or $1,554/sq. ft.
    • 2014: Sold Suite 105, a ground floor 2,483 sq. ft. retail condo, for $2,050,000, or $826/sq. ft.
    • 2012: Sold Suite 103, a 888 sq.ft. retail condo, for $885,000, or just under $1,000/sq. ft.
    • 2011: Sold Suite 205, a 2,128 sq.ft., 2nd floor office condo, for $1,000,000, or nearly $450/sq.ft.
    • 2010: Leased Suite 205 at a rental rate of $38/sq.ft.
    • 2009: Consulted for the Shoppes of IL Villaggio Condo Association relating to cooling tower issues
    • 2005: Executed the commercial condo conversion of the 15,000 sq.ft. property, and its $10,000,000 sellout under consulting agreement with Multiplan USA Corp., U.S. subsidiary of Grupo Multiplan, headquarted in Rio de Janeiro, Brazil
    • 1999: Managed the intial lease up of the property to: Starbucks, Haagen Dazs, Sunglass Hut, Hugo Boss and Joop, among others
    • 1998: Directed the $100 Million development completion of the IL Villaggio Condominiums and its commercial component, The Shoppes of IL Villaggio as COO of Multiplan USA Corp.

Miami's Biscayne Blvd. MiMo District- Buyer Representation



  •  May, 2014: Represented North Beach Vascular & Aesthetics in the purchase of a 5.600 sq. ft.  office building in Miami's Upper East Side MiMo District.

  South Miami Medical Building - Tenant Representation



  •  February, 2014: Represented Primary Care Physician. in a 10-year lease for a 1,700 sq. ft. medical office space.
  • April, 2014: Represented same tenant in the expansion into adjacent 985 sq. ft. suite.

Palmetto Bay Home - Buyer Representation

 



    •  September, 2013: Represented buyer in the $595,000 purchase of a 3,300 sq. ft. home in Palmetto Bay

Sunset Station - Suite 501: Exclusive Leasing Agent
 


 
July, 2012: Leased 2,295 sq. ft. office space to insurance agency under exclusive lease listing agreement with owner.
 


Coconut Grove Home - Buyer Representation



  • April, 2012: Represented buyer in the $720,000 purchase of a 2,900 sq. ft. home in Coconut Grove

Beacon Centre Tenant Representation:

  • 2011: Represented Engineering Systems, Inc., a national engineering firm, in a 6-year lease valued at over $500,000, for a 5,412 sq.ft. flex space at the Beacon Centre, owned by ProLogis.

Sales Management Consulting Engagement with German Luxury Brokerage Brand:



  • 2011: Steered the opening of two new offices in Key Biscayne and the Bal Harbour Shops for Engel & Voelkers/Miami; developed business plans designed to spread the brand footprint locally; recruited 20 new agents; major participant in the procurement of over $15 Million in new residential listings


Financial Management Consulting Engagement for Fractured Condo Projects:

  • 2008: Formulated takeover management plans for the default takeover of the 223-unit Peninsula II in Aventura and the 349-unit Marina Grande in Riviera Beach, by CRE Boca, an affiliate of the Cerberus Group.

Ocean Steps on South Beach: Highest Transactional Volume

  • 2005: Sold over 50% of the commercial condo units at Ocean Steps, a 52,000 sq.ft. retail/entertainment project, for an aggregate price in excess of $6,500,000

Land Assemblage for Condo Development Project - Buyer Representation

  • 2004: Assembled 4 land parcels with 500 feet of water frontage and sold to Mae Capri LLC for $12,500,000; developed into 72 unit luxury project known as Capri South Beach
  • 2006 - 2007: Managed project unit sales program under exclusive sales engagement with Mae Capri LLC

The Strand on South Beach - Exclusive Project Sales Management



  • 2004 - 2005: Managed the exclusive project sales and closing coordination for The Strand on South Beach, a 4-building, 87-unit condo hotel development project on Ocean Drive, with a sellout of $35,000,000, for Mayfield Development
 

contact

  • Alex A. Garcia , CPA | Real Estate Investment Advisor
  • AG Real Estate Services, Inc.
  • Direct: (305) 987-5310 Office: (305) 987-5310 Fax: (305) 271-4777
  • 1688 Meridian Avenue 7th Floor Miami Beach, FL 33139
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