Monthly Archives: January 2013

Investors Loose with Hope Notes

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'Hope Note' Strategy Is at Times Hopeless

Splitting Mortgages Into A and B Parts Can Sting Investors

  A controversial method to work out defaulted commercial real-estate loans isn't always working out for the bond investors involved. When Gotham Realty Holdings defaulted on a $90 million mortgage on part of a landmark Manhattan building that was once the Bowery...
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Quote from an attorney I worked with on a restructuring matter

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Quote from an attorney I worked with on a restructuring matter “I enjoyed working with you and learned quite a bit.  I have thought about your "who's losing sleep" several times on different matters since. Your expertise was key as to the strategic moves that were made”...... Makes all the hard work, worth it......
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How One Business Bounced Back from Bankruptcy

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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 then, Fatburger has become one of the rare...
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Tishman Cuts the ‘Financial Engineering’

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Great article.

Tishman Cuts the 'Financial Engineering'

After Mishaps During the Boom Years, Firm Is Back Boosting Its Portfolio, Especially Overseas, but Is Using Less Debt

By ELIOT BROWN

Three years ago, Tishman Speyer Properties LP became the reluctant face of the real-estate bust when it agreed to surrender to creditors an 11,200-unit apartment complex in Manhattan, wiping out $3.3...
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