Engagement Story

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.