Special Situations
When Conventional Options Have Run Out
Most firms can place a loan. Few can solve the underlying problem. Balser Strategy actively evaluates and advises on complex, distressed, and non-standard real estate capital situations.
Situations We Navigate
Complex problems require strategic solutions
01
Loan Maturity Defaults
Loans coming due with no clear refinance path. We structure replacement debt, equity solutions, or sale strategies to resolve the maturity before it becomes a default.
02
Distressed Debt Sales
Banks and institutions seeking to dispose of problem loans. We connect sellers with qualified note buyers and advise on structure, pricing, and execution.
03
Non-Performing Notes
Facilitation of NPL purchases for investors seeking acquisition at a basis that supports workout, modification, or foreclosure strategies.
04
Foreclosure Avoidance
Rescue financing, short sale advisory, deed-in-lieu structuring, and lender workout negotiation for borrowers facing imminent foreclosure.
05
Rescue Capital
Emergency capital sourcing for sponsors facing liquidity crises, construction completion needs, or imminent loss of an asset requiring immediate capital deployment.
06
Preferred Equity
Sourcing preferred equity to fill capital stack gaps, recapitalize distressed positions, or provide a path to conventional refinancing.
07
Partnership Buyouts
Financing solutions for equity partner buyouts—enabling one partner to acquire the other's interest when alignment breaks down or a partner needs liquidity.
08
Recapitalizations
Full capital stack restructurings for sponsors needing to refinance, bring in new equity, retire preferred positions, or restructure existing debt at maturity.
09
Troubled Construction
Construction completion financing for projects that have stalled, run over budget, or lost their original lender—including distressed builder buyouts.
10
Bank Asset Dispositions
Advisory to banks and credit unions seeking to reduce CRE exposure, sell REO assets, or resolve problem loans through structured dispositions.
11
Lender Workouts
Negotiation and advisory support for borrowers navigating loan modifications, forbearance agreements, or structured settlements with lenders.
12
Off-Market Acquisitions
Sourcing distressed, pre-foreclosure, and off-market acquisition opportunities for investors with capital ready to deploy before assets hit the open market.
The situations below are where we operate most effectively—transactions that require advisory thinking, not just capital sourcing.
Why This Matters
The strategic intermediary advantage
Many firms spend significant resources searching for distressed asset opportunities, note sale mandates, and recapitalization situations. These deals rarely appear on the open market. They surface through relationships—with borrowers under pressure, lenders looking to move paper, and sponsors navigating broken capital stacks.
Balser Strategy actively maintains relationships on all sides of these transactions. We are not waiting for these situations to find us. We are already there—at the intersection of distressed borrowers, motivated lenders, and capital ready to deploy.
When you bring us a special situation, we bring the entire ecosystem: replacement debt, equity partners, note buyers, and advisory perspective—all structured around your specific outcome.
Special Situation Example
$11,200,000
Retail Recapitalization — Partnership Dispute
Situation
Anchor tenant vacated. Partners in dispute. Maturing loan with no refinance path. Both partners seeking liquidity.
Action
Identified a buyer for one partner's interest. Structured bridge debt to retire existing loan. Repositioned remaining partner with a new JV equity source.
Outcome
Departing partner was bought out. Remaining partner retained upside. Asset recapitalized and positioned for lease-up.