Repurposing

Repurposing articles

• Potential Considerations:

  Wind-down operations and convert to wholly-owned condominiums or to a hotel.
  
  Consider moving toward a hybrid solution of being part hotel, part condominium and/or part timeshare.
  
  Explore options for keeping a portion of the property operating as a timeshare, vacation club, or travel club.

• How we do it

  We’ll review your needs, prepare a plan, and provide funding to implement long-term solutions. A Board of Directors must be proactive. When delinquencies and defaults increase, the reserves and operating funds for a resort decrease. Good management can handle small adjustments but when those situations become prolonged, the ability of a resort to sustain operations comes into question. The sooner the Board gets a full picture of the trends, the sooner the resort will be able to plan a course of action and implement the necessary changes for the best interest of their owners.
  
  Your resort has unique circumstances that require custom solutions.
  
  Taking a go-it-alone approach entails significant risks and can cost the resort precious time and money. Professional and objective expertise to assess the situation will avoid costly wheel-spinning.
  
  We know how critical it is to keep owners informed and engaged. We understand that cost-containment is critical. We have developed systems and procedures for gaining clear titles, securing title insurance on properties with complex ownership, and working through the legal requirements to assure compliance with your resort’s governing documents and state statutes.
  
  Often overlooked is the underlying value of the real estate of each resort.
  
  Our approach is to invest in the property and the transformation of the resort. We invest to realize the maximum return on the underlying value of the real estate for the benefit of all legitimate stakeholders.

• No-Risk Solutions

  We invest the necessary capital. There is no requirement for outside debt financing.
  
  Often, it takes substantial capital to implement the right solution. Lemonjuice Capital will take on the financial burden by investing in restructuring and repositioning your resort’s assets. There are no surprises or hidden agendas. Details of the arrangement are spelled out in advance for review and approval by the Board and its local counsel. Of utmost importance is protecting the interests of the dues-paying owners.