On this episode of The Advisory Table, Michael sits down with Bryan Gelman, President and Co-Founder of Albert Gelman Inc. As a licensed insolvency trustee, Bryan works on both sides of the lender-creditor relationship, helping his clients successfully navigate distressed projects every day.
Over the course of the episode, Bryan unpacks the reasoning behind the rise in distressed real estate projects, the trends he is seeing, and how project owners can position themselves for better outcomes in today’s market.
What’s on the Agenda?
00:00 – Introduction
01:20 – What Happens When a Real Estate Project Goes Insolvent
01:58 – How Rising Interest Rates Are Impacting Developers
02:46 – Why Lenders Bring in Insolvency Consultants
03:32 – The Role of a Court-Appointed Receiver
04:40 – Stabilizing a Distressed Land Development
05:16 – Stabilizing a Distressed Development Project
06:32 – The Types of Real Estate Projects Facing Financial Trouble Today
07:21 – The Common Causes Behind Development Failures
08:50 – When Market Conditions Hurt Even Experienced Developers
09:40 – The Single Biggest Factor in Completing a Distressed Construction Project
11:45 – Why Owners Reps and General Contractors Matter in Receivership
12:10 – The Trend Toward Vesting Orders and Selling Assets Through Receivership
13:15 – The Benefits of Reverse Vesting for Tax Purposes
15:15 – Outro
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