When Confidence in the Plan Starts to Weaken, Act Early
A property, development, construction project, business or lending exposure does not need to be in formal default before specialist intervention is warranted.
HPS Capital Partners works with lenders, investors, property owners, developers and businesses to independently establish the position, restore visibility and coordinate a practical pathway forward.
We combine commercial assessment, property and construction experience, business advisory capability and practical execution.
Lender-side representation and commercial execution across property, development, construction and operating businesses, with specialist healthcare capability.
Confidential enquiries: +61 2 5944 1812
The Greatest Risk Is Uncertainty Without Control
When a situation moves outside the original plan, the immediate concern is not only whether a payment has been missed.
The real questions are:
- Can the information and forecasts be relied upon?
- Is the project, property or business still viable?
- Is the cost to complete accurate?
- Will further funding preserve value or increase the loss?
- Does the borrower or management team have the capability to deliver?
- Are current valuations, sales, leasing and refinancing assumptions still realistic?
- Should the position be supported, restructured, repositioned, sold or prepared for enforcement?
Warning signs may include:
- Late, incomplete or inconsistent reporting
- Repeated requests for additional funding, extensions or concessions
- Rising costs, delays or deteriorating project performance
- Weaker sales, leasing or settlement conditions
- Falling values or reduced market liquidity
- Interest rates or refinancing conditions moving outside the original assumptions
- External market forces or deteriorating market conditions materially changing the original credit, investment or development assumptions
- Contractor, management or stakeholder disputes
- Facility maturity approaching without a credible exit
- The original credit or investment case no longer reflecting current conditions
HPSCP should be appointed when credible warning signs first emerge, not after formal default or crisis has removed the most practical choices.
Difficult Decisions Are Often Being Made With Incomplete Information
The lender or investor may need to determine whether to continue funding, amend the facility, restructure, refinance, sell or prepare for enforcement or a formal appointment.
The borrower, developer or business owner may be trying to preserve control, equity, enterprise value and reputation.
At the same time, boards, credit committees, shareholders and investors require confidence that the position is understood and being actively managed.
Lenders may have strong internal credit and risk teams, but not every organisation has the specialist resources or capacity to independently assess and manage property development, construction, project delivery and operating-business issues.
HPSCP can provide an independent commercial resource capable of working across the lender, borrower, asset, project and professional-adviser group before positions become entrenched.
Where enforcement or a formal appointment becomes necessary, HPSCP can assist with the preparation and ongoing maintenance of a clear commercial, property, construction and business brief for the lender and its chosen insolvency practitioner.
Providing an informed and current brief before and during an appointment can reduce duplication, shorten the transition period and help control professional, project and holding costs.
Establish the Facts. Restore Control. Execute the Pathway.
HPSCP may act as the lenderā€™s commercial agent or representative, or be appointed by a property owner, developer, business, investor, board or shareholder group.
Establish the True Position
Independently review the financial information, project status, cost to complete, valuations, market assumptions, management capability, security and immediate risks, giving the lender a clear, evidence-based view of the exposure, available options and actions required to protect value.
Restore Visibility and Control
Establish stronger monitoring, a disciplined reporting cadence and independently verified information, giving the lender clearer oversight, earlier warning of emerging issues and greater control over key decisions and agreed actions.
Test the Available Pathways
Assess whether the most commercially responsible pathway involves completion, stabilisation, restructuring, refinancing, recapitalisation, repositioning, leasing, sale, replacement management, contractor or operator, preparation for enforcement or formal appointment.
Support Execution
Coordinate the relevant specialists, clarify responsibilities and actively manage delivery of the agreed strategy through to completion, stabilisation, refinancing or sale. HPSCP remains involved throughout, giving the lender confidence that actions are progressing, risks are being managed and the agreed outcome is being pursued.
HPSCP does not simply diagnose the problem and leave. We can remain accountable for coordinating the commercial response and supporting execution.
Practical Delivery Experience Supported by Commercial and Financial Insight
HPSCP understands the numbers, but also understands what it takes to deliver a project, manage an asset and operate a business.
Property Development and Construction
The team brings experience across construction management, development and project management, property economics and market intelligence, feasibility, cost-to-complete and delivery assessment, builder, contractor and consultant negotiation and coordination, completion, repositioning and exit pathways, transaction management.
Business and Commercial Advisory
Our broader advisory capability includes financial and commercial assessment, operational review, cash flow and capital structure, management reporting and controls, business viability, restructuring and recapitalisation, short-term management support, business and asset sale pathways, stakeholder and lender coordination, transaction management.
Specialist Healthcare Capability
Healthcare remains a specialist HPSCP capability, particularly where the operator, property, development, funding, and operations are closely connected, allowing us to identify sector-specific risks, assess operational performance, and provide lenders with a clearer view of exposure and the most viable pathway.
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The HPSCP team includes former builders, developers, property professionals and senior accounting and advisory practitioners with experience across a range of property, construction and operating-business sectors.
Preserve Value and Keep Viable Options Open
Depending on the circumstances, the objective may be to:
- Complete or stabilise the project
- Protect lender security and investor capital
- Preserve borrower equity and enterprise value
- Restore reliable reporting and management controls
- Resolve a cost-to-complete or funding gap
- Refinance or recapitalise
- Reposition or lease the asset
- Sell the property or operating business
- Return a viable borrower or business to a stable pathway
- Prepare for an orderly formal process where necessary
Working With the Right Specialists
Complex situations require coordinated specialist capability. HPSCP works alongside:
- Restructuring accountants
- Insolvency practitioners
- Commercial and restructuring lawyers
- Valuers
- Healthcare operational, clinical and regulatory specialists
Other technical, property, construction and transaction specialists may be engaged where required.
HPSCP coordinates the commercial and execution pathway while working alongside the relevant professional advisers. We do not seek to replace them.
Bring Clarity to a Complex Situation
Where a lending exposure, property, development, construction project or business has moved outside the original plan, early specialist involvement can improve visibility, preserve value and clarify the available options.
All initial discussions are treated confidentially, with any formal engagement subject to appropriate confidentiality arrangements.
Or speak confidentially on +61 2 5944 1812.
Regulatory Disclosure: HPS Capital Partners Pty Ltd (ACN 661 536 509) is a Corporate Authorised Representative (number 1319298) of Amplus Global Pty Ltd (ACN 162 631 325), the holder of Australian Financial Services Licence number 505929.
General Information: The information on this page is general information only and does not take into account your objectives, financial situation or needs. HPSCP does not act as an insolvency practitioner, receiver, lawyer, accountant, valuer or other regulated specialist unless expressly authorised and qualified to do so. Relevant independent professional advice should be obtained.