Preserving Investment Value

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.

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