THE ASSET ASSUMPTION PROGRAM

Transitioning Liability into Community Stability. For many property owners in the Fairbanks North Star Borough, a distressed asset is more than a physical problem—it is a financial anchor. Whether facing mounting tax liens, municipal abatement, or catastrophic structural failure, the traditional real estate market often offers no viable exit.

The Asset Assumption Program by Gininlyaa is a specialized acquisition model designed to provide a clean exit for burdened owners. We don't just buy property; we assume the full weight of the asset’s legal, financial, and physical liabilities.

The Framework of Assumption

How We Stabilize the Asset. Our program is built on the ability to absorb risk that others cannot. By integrating Forrest’s operational precision with Devin’s community-focused stewardship, we execute a three-stage assumption process:

  1. Financial Assumption: We take title to the property and assume responsibility for all outstanding FNSB taxes, utility liens, and associated debts.

  2. Structural Resurrection: Once the asset is secured, we deploy our Arctic-Spec Exoskeleton—encasing the structure in Structural Insulated Panels (SIPs) to halt decay and ensure century-long thermal performance.

  3. The Tax Shield Integration: We leverage FNSBC 8.12.045 to freeze the property’s assessed value, allowing us to invest the necessary capital to bring the building back to peak operational status without penalizing the neighborhood with immediate tax hikes.

The Program Benefits

  • Total Debt Discharge: Gininlyaa assumes all back taxes and recorded liens.

  • Zero Closing Friction: No commissions, no repair requirements, and no out-of-pocket costs for the departing owner.

  • Credit Preservation: By assuming the asset before a final foreclosure deed is recorded, we help owners avoid the long-term credit damage of a completed government seizure.

  • Legacy Preservation: Under our Gwich’in Zhee stewardship model, the property is not demolished or flipped; it is restored to serve the Fairbanks community for the next seven generations.

Is Your Property a Candidate for Assumption?

We primarily focus on "Zombie" assets—properties that are currently unmarketable due to:

  • Extreme thermal inefficiency or frozen systems.

  • FNSB tax delinquency nearing the foreclosure deadline.

  • Structural failures that prevent traditional financing.

  • Owners who have relocated and can no longer steward the Fairbanks location.