I just read an interesting article about the Executive Airport Business Center that was sold through a mortgage foreclosure. It was bought for more than the former mortgage price and at the time it was foreclosed on, it was 91% leased. If the original owner had reached out to us and used our services, the original...more
Tag Archives: Chapter 11
Great property lost through mortgage foreclosure... this should not have happenedI just read an interesting article about the Executive Airport Business Center that was sold through a mortgage foreclosure. It was bought for more than the former mortgage price and at the time it went into mortgage foreclosure, it was 91% leased. This should not have...
Some real estate investment partnerships have to file chapter 11 because the lender doesn't renew the loan at the time of balloon. Some file because of a technical default. Some file because something happens at the property that the owners couldn't have predicted that hurts the occupancy rate. Some file because unexpected repairs cause financial...more
Top 5 things to do as an attorney when filing your first chapter 11 bankruptcies5. Before you file any chapter 11 bankruptcies, make sure the debtor has enough incoming cash to make it through the process. – If the debtor can’t pay their staff or operational expenses, you may need to bring in some quick...
Huntingdon Valley, PA / Fort Lauderdale, FL – January 5, 2015: GFCIB and Advisors, LLC, a leading provider of financial advisory services is pleased to announce the exclusive engagement with Nogal Energy, LLC, a company in Chapter 11 in the Southern District of Texas. GFCIB has been exclusively engaged to be Nogal Energy’s financial advisors...more
Recently, I spoke to a man who owned a 12k shopping center with a few family members and a restaurant that operated in the center. He told me that a year or so ago, his loan was sold to a different bank and the new bank put his loan into technical default, even though he...more