Stalled project takeover + completion
R2HB assesses, stabilizes, and completes stalled residential and small multifamily construction across South Jersey. We work with private and hard-money lenders, construction lenders, loan servicers, and asset managers.
Six builder takeovers completed. Field assessment typically within five business days of written authorization and site access.
Authorized engagements only. R2HB works through a party with documented authority and follows the designated project communication structure.
Who we work with
You can usually authorize us today. The question is almost always whether cost-to-complete plus carry beats what the asset brings as-is, and that's a number we can put in front of you.
Your inspector can tell you what percentage is complete. We can tell you what it costs to finish and then finish it. We work in writing, on a cost-loaded schedule, with draw-support documentation your file can hold.
An assessment or limited stabilization usually sits inside delegated authority. A full completion scope usually doesn't. We'll scope the engagement to what you can approve now, and document it for the approval you'll need later.
You own it and the clock is running. Cost-to-complete, remaining schedule, and carry, against the as-is bid you already have.
Relevant takeover experience
Every takeover we've accepted has reached certificate of occupancy. Inherited conditions have included abandoned framing, failed inspections, expired permits, and unfinished subdivisions.
Three of six shown
Relevant takeover example
Sicklerville, NJ
R2HB stepped into an unfinished builder project, completed 14 Wye Mill, subdivided the site, and delivered 12 Wye Mill as new construction.
Relevant takeover example
Sewell, NJ
Relevant takeover example
Laurel Springs, NJ
When R2HB steps in
We document what's built, what's left, and what it costs to finish. Permit and inspection status included.
Relationship protection
R2HB does not contact the borrower, owner, broker, incumbent contractor, or another project stakeholder without authorization from the designated project contact.
Communication stays within the agreed authorization structure.
Property access and document review require approved authority.
Confidential project information is not used to pursue an acquisition.
Completion services
An authorized engagement can start with a focused review, limited stabilization, a defined completion scope, or permit and closeout recovery.
The starting point for most engagements, and often the only thing a lender needs before making the next decision.
Limited stabilization work can reduce additional damage while the authorized parties determine the full completion path.
Under written authority, we take over the remaining scope, replace or retain trades as needed, and carry the project to certificate of occupancy.
Resolve open permits, failed inspections, unfinished corrections, missing documentation, and final approval requirements.
Project controls
You see the same scope, budget, and schedule we do, updated as the work moves. Nothing about the project requires a phone call to understand.
Confidential project review
Share the address and the decision you're facing. We'll tell you within a day whether a confidential review makes sense and what we'd need to do one. Nobody goes to a site before authority, documents, and intended outcome are confirmed.
R2HB provides construction and project-completion services under written authorization. Legal, servicing, receivership, valuation, and lending decisions remain with the appropriate authorized professionals.
