Carwin Advisors completes advisory services for Del Rey Estates in Las Cruces, New Mexico
(Scottsdale, AZ) Carwin Advisors recently completed advisory services for a lender client on a distressed 250-acre master-planned community named Del Rey Estates in Las Cruces, New Mexico. Del Rey Estates is located in the rapidly growing and highly desirable northeast area of Las Cruces. The development is fully zoned and consists of 465 single-family homes, 180 multi-family units, and 20 acres of commercial and office property.
Carwin Advisors was engaged as the property was in preparation for foreclosure sale. The lender needed due diligence analysis to determine existing entitlements and stabilize contractual obligations that may affect the value and timely marketability of the property.
Through the engagement, Carwin Advisors successfully developed a clear picture and roadmap for the lender. This enhanced the marketing of the property, for which there is a high demand. By understanding all the potential challenges and obligations relating to the property, the lender will achieve preferred pricing, make informed decisions, and address buyer questions with detailed knowledge about the variables affecting the property.
“Our client can now negotiate the sale of this property from a position of confidence in knowing what factors truly affect the property.” said Bob Kammerle, Director of Southwest Operations and Project Leader for Del Rey.
ABOUT CARWIN ADVISORS
Carwin Advisors, a Winchester Carlisle Company, is a national full-service real estate advisory firm specializing in solving complex problems and working with multiple stakeholders in the restructuring, turnaround, management, financing, and disposition of residential, commercial, and mixed-use real estate assets, portfolios, and companies.