A $20 billion hedge fund provided mezzanine debt and equity financing for 19 residential communities.
Each property had associated acquisition and development loans, by a local or New York bank. The
impact of the decline in the U.S. housing market in 2007 resulted in foreclosure actions and enforcement
of payment guarantees. Navigant was retained to assess the financial outlook for each development,
develop alternatives for recovery, and assist in negotiated resolution to preserve value for equity
holders and enhance the potential for recovery by debt holders.
Navigant utilizes cookies to support analysis of aggregated site usage. In order to have the full site experience, keep cookies enabled on your web browser. By browsing our site with cookies enabled, you are agreeing to their use. Review Navigant’s cookies information for more details.