Business Details
27 Years
experience
Trusted Real Estate Investment & Property Management
Frontier Financial is a Washington, DC-based real estate investment firm that has specialized in the acquisition, repositioning, and servicing of investment properties and portfolios since 1999. Our expertise spans multifamily and commercial property rehabilitation, condominium conversions, and the management of both rental and condominium properties across the District of Columbia, Maryland, Virginia, and Florida. With decades of combined experience, our team excels in resolving non-performing loans, executing tenant association conversion ventures, and delivering cost-effective property management solutions through long-standing relationships with suppliers and advanced software systems. Our construction division, MBS Construction Group, specializes in historic preservation, gut renovations, and value engineering to modernize aging properties. We prioritize customer satisfaction by actively soliciting resident feedback, which directly informs staff performance evaluations and operational improvements.Our property management division oversees more than 2,500 units using RealPage OneSite software to streamline leasing, maintenance, and financial reporting. We have successfully resolved over $1.5 billion in securitized and non-securitized real estate assets since 1991, leveraging our principals' legal and urban planning expertise to navigate complex foreclosure and litigation cases. Our condominium conversion projects focus on transforming small rental properties into updated owner-occupied communities through major capital improvements. We maintain a strong regional presence while adhering to rigorous financial reporting standards and transparent communication practices. Our multidisciplinary approach ensures comprehensive solutions for property acquisition, management, and redevelopment across diverse market conditions.
Services
Multifamily Property Acquisition
Commercial Property Management
Condominium Conversion
Loan Servicing
Historic Renovation
Tenant Association Conversion
Property Rehabilitation
Rental Portfolio Management
Details
- Year established: 1999
Highlights and features
- 30 years of combined executive experience in real estate development and finance
- $1.5 billion in securitized and non-securitized real estate assets resolved since 1991
- Customer-focused property management with resident feedback integration
- RealPage OneSite software for transparent leasing and financial reporting
- Specialized historic renovation expertise through MBS Construction Group
Services
Multifamily Property Acquisition
We acquire multifamily properties for redevelopment and long-term investment. Our team conducts thorough due diligence and market analysis to identify value-add opportunities. This service helps investors grow their real estate portfolios through strategic acquisitions in high-potential markets.
Condominium Conversion
We convert rental properties into owner-occupied condominiums through comprehensive renovations. Our process includes major system upgrades and compliance with local regulations. This service creates modern living spaces while increasing property value for owners.
Property Management
We manage over 2,500 apartment and condominium units using RealPage software for efficient operations. Our services include maintenance coordination, financial reporting, and resident relations. This ensures optimal property performance and tenant satisfaction across multiple states.
Loan Servicing
We service non-performing multifamily and commercial loans, including share loans and cooperative mortgages. Our team handles loan workouts and asset resolution strategies. This service provides lenders and investors with expert management of distressed real estate assets.
Historic Renovation
Our MBS Construction Group specializes in gut renovations of historic buildings. We modernize electrical, plumbing, and structural systems while preserving architectural integrity. This service revitalizes aging properties for contemporary use while maintaining historical character.
People
Richard Payes
Principal
30-year real estate veteran with $1.0 billion in non-performing mortgage resolution experience. Holds J.D. in real estate finance law, Masters in urban planning, and public management. Former senior living facility president.
Benjamin Payes
Acquisitions Director
Manages property acquisitions and broker relations since 2006. Maryland-licensed real estate broker with economics degree from University of Maryland. Specializes in market analysis and investment property sourcing.
Jurate Bujanauskas
Finance Administrator
Oversees financial operations since 2002. Expert in condominium accounting and property administration. Holds B.A. from Klaipeda College and real estate licenses in Maryland and DC. Manages loan administration and tax compliance.
Ari Payes
Operations Manager
CCIM professional managing property operations since 2015. Syracuse University communications graduate with Maryland real estate license. Coordinates cross-departmental execution of acquisition, management, and accounting tasks.
Questions
What geographic areas do you serve?
We operate in Washington, DC, Maryland, Virginia, and Florida with local market expertise.
What property types do you manage?
We handle multifamily apartments, commercial properties, and condominium conversions.
How do you handle property maintenance requests?
We use RealPage software for efficient tracking and timely resolution of maintenance issues.
Can you assist with condominium association conversions?
Yes, we specialize in converting rental properties to owner-occupied condominiums with full renovations.
What construction services do you offer?
Our MBS Construction Group handles historic renovations, gut rehab projects, and system upgrades.
