Please review some of our recent successful negotiations below for a brief insight into the resolutions our team members have delivered to clients. Due to the confidential nature of the industry, disclosure of information is limited.
Photos are for illustrative purposes only. ©2010 Breakwater Equity Partners
A national retail developer was over $100MM underwater on a portfolio of assets. He had personally guaranteed most of the $183MM in loans and the situation was so bad that his lawyer advised him to file a personal Chapter 7 bankruptcy.
In 2003 a group of investors purchased a 50-year old office building in Clearwater, FL, as a development site to build ocean-view condos. The investors paid $8.2 million for the property and spent over $2MM in planning and entitlement costs.
The owners of Embassy Plaza faced the loss of their property when their loan matured and they were unable to refinance it. They hired two different law firms to try to restructure their loan.
After spending close to $1MM on lawyers and getting nowhere, the 26 tenant-in-common owners of Met Center 10 came to Breakwater Equity Partners with their troubled investment.
A group of very sophisticated investors took out a $24MM construction loan to build a Southern California shopping center. The completed 75,000 sq. ft. retail space had an original projected value of $36MM, and looked to be a promising investment.