A California businessman was facing a debt load he could not manage, in addition to growing pressure from his lender, and the serious prospect of losing another golf course property in California. He had previously tried to do commercial loan workouts on a large block of properties, but unfortunately ended up losing a variety of hotel and golf course assets valued at $120 million to an international bank.
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Commercial Real Estate Loan Modification, Golf Course Commercial Loan Workout, Troubled Commercial Properties
Lack of growth often leads to deflation. We experienced a similar trend – yet for different reasons – 80 years ago. The stock market initially crashed in 1929, but 1930-1932 was a time of a turbulent stock market that managed to stay afloat. It wasn’t until late 1932-1938 that deflation set in and the stock market set new lows. Could we be experiencing something similar right now? The banking sector is signaling a strong response to that question. And the answer is yes.
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Breakwater Equity Partners, Commercial Loan Modification, Commercial Loan Workouts, Failing Banks, Troubled Commercial Properties
A California businessman was facing a debt load he could not manage, in addition to growing pressure from his lender, and the serious prospect of losing another golf course property in California. He had previously tried to do commercial loan workouts on a large block of properties, but unfortunately ended up losing a variety of hotel and golf course assets valued at $120 million to an international bank.