We have just closed another successful bridge loan for another happy client! We just closed bridge loan on an office building in the Suburbs of Cleveland, Ohio. The property was in foreclosure, with a receiver appointed. We represented the ownership and closed the bridge loan. Our client, a...more
Monthly Archives: August 2015
The number one rule in a workout, turnaround or Bankruptcy is to stay very involved and have a “never give up” mindset. If your team, professionals and opposition see or sense that you do not have faith, energy or have abandoned the ship, then you're done. more
Avoid these top 10 workout and turn around mistakes.more
- Taking money out of your retirement account or other protected assets to prop up your business or investment.
- Not being involved, giving up, being undependable or acting like a goof ball. Your business is on the line, you...
After purchasing casual dining chain Fatburger in 2003, CEO Andy Wiederhorn fought for years to turn around the company's performance. But, faced with an ineffective management team and the recession, he finally resorted to Chapter 11 bankruptcy filings for two of the restaurant’s west coast subsidiaries in 2009. Since...more
There is an expression that you get the good with the bad and the bad with the good. It is critical to have a complete and thorough understanding of what you’re getting before you purchase a property. These types of transactions can be compared to a marriage, particularly with the vows of in sickness and...more