We’ve been writing about San Diego developer Malcolm Davies and Breakwater Equity’s successful commercial loan modification on a broken construction project in downtown San Diego. It’s a great case study because of the tough situation they were in and the fact that the bank was not budging on their position, making the prospects of a successful workout slim.
Malcolm was interviewed this past week by the Real Estate Guys Radio Show, one of the most popular real estate radio shows and podcasts in the country. Each of these interviews and articles listed below reveal new and interesting insights into the market we are in and what it takes to work with the banks.
Continue reading “Real Life Commercial Loan Modification Story: Real Estate Guys Radio Show Interview With Malcolm Davies” »
Commercial Loan Modification, Commercial Loan Workouts, Defaulting on Commercial Property, Interviews, San Diego Commercial Real Estate, Successful Commercial Loan Workouts, Troubled Commercial Properties
Peacock Gap Golf Course
We recently had the chance to sit down and interview George Lee, the General Manager for several golf courses that were devastated by the recent economic downturn. George has a unique perspective on Breakwater’s successful commercial loan workout strategies having seen firsthand other groups try to achieve the same result but unable to navigate through the various workout minefields. Here are some excerpts from that interview.
What was your challenge at the time, and how did you end up hiring Breakwater Equity?
The owner I worked for had golf courses in Arizona and I had recommended we hire Breakwater Equity Partners to help perform a commercial loan workout on those properties. But based on advice from our attorneys at the time, the owner decided that we should attempt the workouts on our own with the help of our attorneys, and that experience did not go well.
Continue reading “Unique Insights From A Commercial Loan Workout Client-Interview with George Lee” »
Commercial Loan Modification, Commercial Loan Workouts, Golf Course Loan Workout, Interviews, Successful Commercial Loan Workouts, Troubled Assets, 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.
Continue reading “Case Study: Successful Commercial Loan Workout of California Golf Course” »
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.
Continue reading “Banks Continue To Fail At A Record Pace” »
Breakwater Equity Partners, Commercial Loan Modification, Commercial Loan Workouts, Failing Banks, Troubled Commercial Properties
