Workouts, turnarounds, and recoveries for lenders, special servicers, investors, and owners facing distressed or underperforming real estate.
Festinger Advisors works the situations other firms avoid — distressed, defaulted, and underperforming assets where the path back to value runs through hard decisions. We advise lenders, special servicers, investors, and owners on workouts, turnarounds, receiverships, and recapitalizations, bringing an owner's operating discipline to assets that need stabilization before they can recover.
Robert Festinger has worked across the institutional credit and special-situations landscape, with experience touching Cerberus Capital Management, Deutsche Bank, MSD Partners, and Popular Bank. That lender- and owner-side perspective, built over 25 years and against more than $2 billion in financing activity, lets us see both the credit and the real estate clearly when an asset is under pressure.
We advise lenders and borrowers through workouts — restructuring terms, evaluating collateral, and finding the resolution that preserves the most value given the asset's real condition and prospects.
We diagnose why an asset is underperforming and build a turnaround plan — addressing operations, leasing, capital needs, and management to move it from distress toward stabilized performance.
We support special servicers and lenders through receiverships and foreclosed assets — stabilizing operations, protecting value, and preparing the property for an orderly hold or sale.
We structure new equity and debt for assets that need fresh capital — bringing in partners, repositioning the capital stack, and aligning the recapitalization with a credible recovery plan.
We stabilize cash flow and occupancy, then reposition the asset for value — pairing operational fixes with the capital and leasing strategy needed to restore competitiveness.
We advise institutional lenders, special servicers, and opportunistic investors on distressed acquisitions and resolutions, underwriting the real estate beneath the credit to inform the decision.
We advise across the table — lenders and special servicers working out defaulted loans, investors pursuing distressed acquisitions, and owners trying to save or reposition an asset. On any single engagement we act for one party, but our experience on every side sharpens the strategy we bring.
A special situation is any asset where the standard playbook no longer applies — a maturing loan that cannot refinance, an operator that has failed, a property hemorrhaging value, or a capital stack under stress. These assets need a tailored plan built around their specific problem, not a generic process.
As early as possible. The sooner we engage, the more options remain — restructuring before default, stabilizing before value erodes, recapitalizing before a forced sale. Late involvement narrows the choices to the worst ones. Early involvement preserves the leverage to choose a better outcome.
Festinger Advisors provides advisory and consulting services to owners, investors, lenders, family offices, and hospitality stakeholders. Real estate brokerage services, including acquisitions, dispositions, leasing, landlord representation, and tenant representation, are offered through We Are Miami LLC, a licensed Florida real estate brokerage.