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
Jack Miller quoted in this article about Chapter 11 Bankruptcy
Jack Miller quoted in this article about Chapter 11 Bankruptcy
GFCIB President & Founder, Jack Miller quoted in this article about Chapter 11 Bankruptcy: New beginnings: life as a Chapter 11 emerged entity Filing a chapter 11 business bankruptcy may feel like it's the end of the world, but it also has the potential...“Thank you. You have gone above and beyond on this one” – Accounts Receivable Financing
Accounts Receivable Financing
For the past 2 weeks, I have been working round the clock on behalf of a client to get a very difficult accounts receivable financing deal done. Yesterday, the referring attorney sent me an email saying: "Thank you. You have gone above and beyond on this one " When I read it it made all the...QuickLiquidity Creates Fund to Solve Liquidity Issue for Real Estate Crowdfunding & Partnership Investors
QuickLiquidity Creates Fund to Solve Liquidity Issue for Real Estate Crowdfunding & Partnership Investors
FORT LAUDERDALE, Fla., April 14, 2015 - With widespread criticism citing the demand for greater liquidity for minority interest owners in real estate partnerships and real estate crowdfunding positions, QuickLiquidity is leading the charge by launching the world's...Credit Tenant NNN Pricing
This week it was announced that Walgreens is closing 200 locations and Pier 1 is closing 100. Hopefully this will help to bring the low cap rates in line with the risks at investors are taking. ...
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Top 5 things to do as an attorney when filing your first chapter 11 bankruptcies
Top 5 things to do as an attorney when filing your first chapter 11 bankruptcies
5. 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...Common things renegotiated in a commercial loan modification and some things to think about
Common things renegotiated in a commercial loan modification and some things to think about
1. Principle Balance, Does the property have more debt on it than it is worth?
2. Interest Rate, Will the property support itself based on the current rate or does it need a lower rate?
3. Balloon Date/Maturity Date; is there a way to...
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GFCIB and Advisors, provides outsourced para legal work for Chapter 11 Bankruptcy’s.
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Major consolation between Staples, Office Max, Office Depot. What happens to the landlords?
Major consolation between Staples, Office Max, Office Depot. What happens to the landlords?
I can tell you there will be a lot of vacancy’s caused by the consolidation, as well it will trigger more vacancy other than the store locations as some other tenants have co-tenancy clauses. To make matters worse a lot of loans...
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Bankruptcy auction vs. Real Estate foreclosure
Bankruptcy auction vs. Real Estate foreclosure
When a commercial mortgage is in default and the borrower is in bankruptcy, pursuing a foreclosure is not the only option for recovery.
Often, auctions are a preferred method of sale as opposed to foreclosure for both the borrower and the lender.
Here’s why: