Financial Advisor for Fairmount Properties
Many years ago when the real estate bubble burst and the economy cratered, Inglewood was engaged as financial advisor for this developer who was experiencing a cash shortage due to the difficult market. Fairmount Properties' bank was threatening to seek a judgment which would have likely killed a major pending project that they were co-developing.
Inglewood assisted Fairmount Properties in structuring and presenting a proposal to the bank, which was accepted. Because the bank did not seek a judgment, the developer was able to continue with its co-developed Flats East Bank project, a $750 million mixed use development that is having a significant impact on the economic strength of Cleveland's downtown.