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Article: Matchmaker: firm crunches building project numbers to determine construction feasibility.(Competitive Edge: INSPECTION AND VALUATION INTERNATIONAL INC.)
- Article from:
- Westchester County Business Journal
- Article date:
- December 12, 2005
- Author:
CopyrightCOPYRIGHT 2005 Westfair Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Workout sessions of the nonathletic kind were common in the wake of the 1990 recession. Banks reclaiming partially completed buildings as developers defaulted on their construction loans would "work out" the details of repayment and decide what to do with the abandoned project.
As a workout consultant, Carl de Stefanis had his hands full. His company, White Plains-based Inspection and Valuation International Inc. (IVI) was called on by banks to determine the cost to complete the defaulted projects. In addition, they would evaluate whether the bank should use the current developer to finish the project, bring on a new developer or to sell it.
"We ...
Related newspaper, magazine, and journal articles:
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Article: IVI helps lenders keep an eye on construction.
Westchester County Business Journal;
August 13, 2001 ;
700+ words
... ... buys a building, for example, IVI helps evaluate the property ... lender finances new construction, IVI provides project management oversight ... Founded in 1973 by T. Mario de Stefanis, a professional engineer, IVI today is run by the founder ...
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