Broad Street Development Launches Paradigm Advisory Group to Preserve, Enhance Real Estate Value for Lenders, Special Servicers and Borrowers
NEW YORK, April 17, 2023 /PRNewswire/ -- Broad Street Development LLC (BSD), a vertically integrated owner-operator, launched a new consulting arm to their company, Paradigm Advisory Group, founded by BSD principals Raymond Chalme and Daniel Blanco. Paradigm protects and enhances the value of distressed real estate assets on behalf of lenders, borrowers and special servicers. Paradigm's team, with decades of construction, leasing, restructuring, conversion, property management and marketing experience, will stabilize and preserve the value of New York City assets caught up in the challenging interest rate environment coupled with increased capital costs and declining operating fundamentals.
- Paradigm protects and enhances the value of distressed real estate assets on behalf of lenders, borrowers and special servicers.
- Paradigm provides value-added asset management, construction, property management and leasing in both the office and residential sectors.
- "This year alone we expect to see $30 billion of loans maturing on office property in New York.
- The goal is to maximize value," said David Israni, Senior Managing Director of Asset Management for BSD.