Financial Advisor to Real Estate Developer
An experienced real estate developer had a subordinated loan on one multi-family real estate project which declined in value during the recession. The bank that made the subordinated loan failed and was taken over by the FDIC who later sold the loan to a hedge fund. Inglewood assisted the real estate developer with presentations to and negotiations with the FDIC and the hedge fund. The property improved over time and the loan terms were renegotiated.