Pre-takeover Analysis
GF Management is perceptive to lenders’ and servicers’ liability concerns and is familiar with what needs to be achieved in positions of negotiated handovers, foreclosure, bankruptcy and deed-in-lieu.

Receiver
GF will serve as a receiver and has extensive experience serving in this capacity.

Takeover Plan
GF’s qualified takeover team can be on-site at the location within 24 hours of receiving the assignment. An extensive step-by-step takeover plan is then prepared, conveying GF’s program of acquiring the asset.

Required Documents
GF will provide a comprehensive list of documents required to effectively operate the property. Such documents include franchise agreements, permits, leases, licenses and inspection reports – and if necessary, GF can help assist in obtaining those documents.

Takeover Process
Our takeover process is implemented with the least possible disruption of daily operations. GF will make certain that the property is in compliance with any governmental regulations that may give rise to possible liability – especially life safety – and will secure all assets.

Franchisor Negotiations
GF will work with the franchisor to ensure that any required repairs are completed in a timely manner. GF will also negotiate settlement of any outstanding issues with the franchisor.

Prompt Reporting
Within two weeks of a takeover, a written property status report will be provided in addition to monthly financial reports, and long term strategy for the property.

Capital Repair Management
Life safety will be addressed first. Following that, an assessment of repairs needed to meet the minimum Franchise requirements will be made. Finally, repairs will be made that would directly improve sales.

Accounting Services
GF Management can coordinate centralized accounting offsite, which is more economical and allows for better security and control. Special Servicers can obtain the property’s financial statements online and provide an accounting in the manner required by the Pooling and Servicing Agreement.

Property Management
GF can assemble a driven, qualified team to oversee the property, evaluate the product, develop a plan for better profitability, and assess market potential.