Chapter 11 Advisor Restructures $8M New York Project
/EINPresswire.com/ Brooklyn, New York - January 16, 2012 --Capital Restructure Group, www.capitalrestructuregroup.com, a chapter 11 advisor, and bankruptcy consulting firm announced today that the firm restructured an $8M development in Brooklyn, N.Y resulting in a discounted payoff of the note.
The real estate project was already in chapter 11 and headed for certain relief from stay and foreclosure when Capital Restructure Group was retained to formulate a reorganization plan that would force the lender to negotiate a settlement with the Developer or face a long and contentious battle chapter 11 plan confirmation battle.
The Company came up with a strategy for the developer that they wrote into a reorganization plan as the foundation to oppose the banks relief from stay motion. Once the plan was filed, the bank determined that it was in their best interests to negotiate a settlement with the developer rather than risk being forced to restructure their debt the way the plan would force them to.
The end result was Capital Restructure Group quarterbacked the strategy that resulted in a stipulation between property owner and lender enabling the developer to acquire the bank note at a substantial discount and that without Capital Restructure Group's involvement and advice, the property would have been lost.
Capital Restructure Group consults to Property Owners and Businesses nationwide and as principals, have successfully restructured their own businesses and real estate projects through chapter 11: The Company understands every single facet of the chapter 11 process, and how to direct the strategy, reduce the costs, and keep the legal bills down.
Contact:
CAPITAL RESTRUCTURE GROUP
Phone # 877-572-2748 (877-57-CAPITAL)
Website: www.capitalrestructuregroup.com
E-Mail : CAPITALRESTRUCTUREGROUP@GMAIL.COM
The real estate project was already in chapter 11 and headed for certain relief from stay and foreclosure when Capital Restructure Group was retained to formulate a reorganization plan that would force the lender to negotiate a settlement with the Developer or face a long and contentious battle chapter 11 plan confirmation battle.
The Company came up with a strategy for the developer that they wrote into a reorganization plan as the foundation to oppose the banks relief from stay motion. Once the plan was filed, the bank determined that it was in their best interests to negotiate a settlement with the developer rather than risk being forced to restructure their debt the way the plan would force them to.
The end result was Capital Restructure Group quarterbacked the strategy that resulted in a stipulation between property owner and lender enabling the developer to acquire the bank note at a substantial discount and that without Capital Restructure Group's involvement and advice, the property would have been lost.
Capital Restructure Group consults to Property Owners and Businesses nationwide and as principals, have successfully restructured their own businesses and real estate projects through chapter 11: The Company understands every single facet of the chapter 11 process, and how to direct the strategy, reduce the costs, and keep the legal bills down.
Contact:
CAPITAL RESTRUCTURE GROUP
Phone # 877-572-2748 (877-57-CAPITAL)
Website: www.capitalrestructuregroup.com
E-Mail : CAPITALRESTRUCTUREGROUP@GMAIL.COM
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