Gustavo Berges

Who we are

Our specialization is in residential and commercial property management. We can serve as Court Appointed Receiver / Trustee / Property Manager / Provisional Director.

A proven leader in all aspects of investment real estate, Jada Corporation specializes in solving complex problems for its own portfolio and select clientele. By creatively applying its solid track record of success, Jada Corporationgenerates value and profits from even the most challenging real estate assets.

Our fundamental core beliefs are none other than:

• To make a positive and lasting impact on our communities quality of life
• To invest in and manage Florida commercial and residential real estate, and
• To focus on excellent results through outstanding customer service

Jada Corporation's portfolio includes locations in Florida's Palm Beach, Martin, St. Lucie, and Orange Counties. Speak with one of our representatives to learn why Jada Corporation has been trusted with the management of valuable properties. Call (888) 669-7658. We understand the needs of today's clients and trust we can understand yours.

Jada Corporation is known for its friendly and exceptional service which sets us apart. Because of this, we are highly regarded by both property owners and tenants in offering our extensive resources and long-standing relationships with the community.

Call Jada Corporation toll-free today and learn why we are amongst Florida's best choices for local, personalized, skilled, knowledgeable, and competent property management at (888) 669-7658.

Resources

Jada Corporation is proud to offer the following resources:

Advantages

Staff is comprised of highly experienced professionals with combined creativity, expertise, and intuitive judgment. This allow us to become a dynamic, cohesive team that is visible, actively involved, and readily available. An on-line Document Management Solution, with 24-hour access to real-time accounting and other information, is offered to keep our clients up to date on the status of their investment.

Services Offered for

• Industrial Land • Hotel/Motel • Office Buildings • Mixed-Use • Multi-Family • Townhouse/Condominium Develpments • Golf Courses • Unique Assets • Shopping/Retail Centers • Industrial/Commercial • Retirement Communities • Apartments • Warehouse/Flex • Single-Family Developments

Services Rendered

• Asset Management • Property Maintenance • Leasing • Construction Management

Why Use a Receiver

Attorneys already know the benefits of using a Receiver in foreclosures. Many of their lender clients have also come to understand the merits of having an experienced Receiver appointed, given the glut of foreclosures they are now forced to deal with daily. In our operations, Jada Corporation has handled almost every type of real property. In order to serve the need for assistance in all aspects of property management and asset conservation, Jada Corporation has assembled an affiliation of talented professionals to assist on an as-needed basis such as: civil engineers, surveyors, architects, inspectors, designers, contractors, environmental inspectors, etc, all of whom can help address any issue or problem a property may present.

1. Control Cash Flow. Unless the Borrower and Tenants cooperate, the Assignment of Rents provision in the loan documents can be an ineffective remedy without a Receiver to enforce it. Often times Borrowers continue to collect rent but not pay utilities or other property expenses. A Lender without a Receiver often gets property back with past due bills and no cash or Tenant deposits.

2. Recover Security Deposits. Some laws could make a foreclosing Lender potentially responsible to reimburse Tenants' security deposits. In some situations, Tenants become irate when informed their security deposit will not be returned. By the Lender demanding their return, the Receiver may have the legal authority to go after the Borrower and/or its management company for these deposits.

3. Protect Property From Physical Waste. Spite, anger, and frustration can often provoke Borrowers to "trash" a property. During the foreclosure process, Borrowers can strip the property of anything of value that can be resold such as light fixtures, installed appliances, and cabinets. This theft is less likely if the Borrower knows a Receiver has been retained.

4. Preserve Current Occupancy. Loss of landlord services, problems with deferred maintenance, and the state of uncertainty that often surrounds a property in foreclosure makes rent-up difficult and move-outs likely. It is better to foreclose a fully occupied property rather than a half-empty one as is often the case if owners are left in control during the foreclosure process.

5. Pressure The Borrower. Possession gives Borrowers an advantage in work-out negotiations, especially with out-of-state Lenders. However, once a Receiver is appointed, the Borrower loses his cash flow from the property and with it, his negotiating edge. The appointment of a Receiver often ends a Borrower's "stonewall" tactics. If a workout can be structured, appointment of a Receiver will more often than not be the catalyst that makes it come together because it demonstrates the serious intent of the Lender.

6. Be Prepared For Ownership. Knowledge of the actual property income and expenses is invaluable when deciding what to do following a foreclosure. Without a Receiver in place, prospective buyers usually know more about the property than the Lender. Appointment of a Receiver can uncover valuable information and assist the Lender and/or his appraiser in determining the fair market value and deficiency, if any.

7. Be Prepared For Bankruptcy. Bankruptcy and threats of bankruptcy are common, especially for single asset entities with non-recourse loans. Since bankruptcies are typically filed the day before a scheduled trustee's sale, an appointed Receiver will have already obtained information about the property. This information can assist lender's counsel in obtaining relief from the automatic stay by
proving the Borrower's lack of equity (if there were any real equity, there likely would not have been a foreclosure!). With a Receiver's input, bankruptcy lift stays may be easier to get. Also, a Receiver may be necessary to perfect the lender's security interest in the rents.

8. Save Time And Money Disposing Of The Property. This may be the best but least acknowledged reason for using a Receiver. When a Lender has complete information about a foreclosed property for sale, he will likely recover his loan sooner rather than later because of the time saved. The resulting savings invariably exceed any fee the Receiver may have earned. Plus, Receiver's fees are typically paid from rents collected, that in the absence of a Receiver, would otherwise have been taken by the Borrower.

The foregoing analysis is offered as an opinion and not as legal advice. In all cases, lenders should rely upon the advice and recommendations of their foreclosure counsel.

What we do

Jada Corporation is not a realtor who is selling someone else's homes, nor are we bankers or loan brokers who get paid to find you a loan. We actually have several lovely homes and other commercial properties that are available for purchase. Since we have the homes and properties, many times (depending on your circumstances) we are willing to finance all or part of the purchase ourselves. All the normal rules concerning credit, debt ratio, proof of income and yes, even down payments are thrown out the window. Since we have them, we can be very creative with the financing and structure it to fit your needs.