Mastery is built in the moments no one is watching

Northgate Real Estate Group, led by Greg Corbin, dominated the distressed real estate market for a second consecutive year. In 2024, it ranked as the #1 bankruptcy, foreclosure, and restructuring brokerage firm in New York City and among the top three nationwide, according to New Generation Research’s BankruptcyData. In the past year, the firm signed, put into contract, and closed 56 distressed deals with a substantially greater volume projected to close in 2025.

A Results-Driven Approach to Distressed Real Estate

With a track record of more than $4.2 billion in completed transactions, Northgate’s success stems from its deep industry relationships and ability to serve as a trusted liaison between key stakeholders in distressed transactions. The firm works closely with borrowers, creditors, special servicers, banks, receivers, trustees, attorneys, and managing agents to develop strategic solutions tailored to the specific needs of each deal.

While property sales are often the best resolution, Northgate recognizes that in many cases, restructuring is the more strategic path forward. The firm actively negotiates loan modifications, deeds-in-lieu, refinances, discounted payoffs, reinstatements, joint ventures, and recapitalizations to craft solutions that maximize value for all parties. In a market where “win-win” outcomes are rare, Northgate’s expertise, negotiation skills, and deep market knowledge ensure that creditors, lenders, and debtors achieve the best possible results.

“Special situational real estate requires a unique approach, deep market knowledge, and the ability to work with multiple stakeholders who often have competing interests,” says Greg Corbin, Founder and President of Northgate. “Our focus is on delivering creative, strategic solutions that achieve results for our clients while managing the intricacies of distressed asset transactions.”

Bankruptcy, Loan Sales, and Special Situations

Northgate leads the industry in NYC bankruptcy sales, having completed more distressed transactions over the past five years than all of its competitors combined. The firm provides a full spectrum of services for real estate creditors and debtors in Chapter 7 and Chapter 11 cases, successfully executing 363 sales, liquidations, and recapitalizations under reorganization plans.

What sets Northgate apart is its ability to merge investment sales expertise with an in-depth understanding of bankruptcy. The firm’s experience working alongside attorneys, trustees, and financial professionals ensures it can move swiftly and strategically in highly complex proceedings. Clients trust Northgate not only for its ability to execute transactions efficiently but also for its real-time understanding of market conditions, valuation trends, underwriting, and its relationships with the most active buyers and investors in distressed real estate.

Additionally, Northgate excels in the evaluation and sale of performing and non-performing loans, working with banks and special servicers to maximize cash recapture. Depending on the specific transaction, the firm tailors strategies ranging from off-market placements to competitive auctions, ensuring optimal outcomes for lenders.

Leadership Rooted in Experience and Hard Work

Greg Corbin’s leadership philosophy is centered on hands-on experience, accountability, and a strong work ethic. Over the years, he has personally handled every aspect of distressed transactions, including putting together pitch books, due diligence, marketing, analysis, deal structuring, negotiations, and closings.

“There’s a trend today where people emphasize ‘working smart’ as if it replaces the need for hard work,” Corbin explains. “But real success comes from both—there’s no shortcut for experience, no substitute for putting in the hours, and no replacement for truly knowing your business inside and out.”

Under Corbin’s leadership, Northgate fosters a results-oriented culture where brokers and agents take ownership of their deals, exercise discretion, and continuously refine their expertise. The firm prioritizes trust, accountability, and a commitment to excellence in every transaction.

Technology and Market Insight Drive Northgate’s Competitive Edge

As the distressed real estate market evolves, Northgate remains at the forefront of industry innovation. The firm is investing in digital transformation strategies aimed at optimizing transaction management, improving access to market data, and enhancing client reporting. By implementing automation in due diligence and asset analysis, Northgate streamlines processes, allowing its team to focus on complex deals and strategic client solutions.

In addition to technology, staying ahead of market trends and regulatory changes is key to maintaining a competitive edge. Northgate is currently overseeing the sale of 21 rent-stabilized buildings, a process that requires a deep understanding of regulatory complexities and evolving rent laws. To navigate these challenges successfully, the firm collaborates with top attorneys and experts, ensuring each transaction is strategically structured to achieve the best possible outcome.

Its strong relationships with property owners, lenders, attorneys, and industry stakeholders position Northgate as a go-to resource for distressed asset brokerage and advisory services.

Looking ahead, the firm remains focused on growing its transaction volume and maintaining its position as the leading distressed real estate brokerage in New York and beyond. Northgate takes pride in its ability to help clients navigate challenging financial situations, finding creative solutions that maximize value and provide a path forward. Whether restructuring debt, facilitating a sale, or negotiating a favorable workout, the firm is committed to delivering results that not only resolve distress but also create new opportunities for owners, lenders, and investors alike.