Debt Restructure Advisory Announces Restructure of 27 loans
/EINPresswire.com/ February 20, 2012: Philadelphia, PA- Capital Restructure Group, www.capitalrestructuregroup.com a debt restructure advisory firm, and bankruptcy consulting firm today announced the restructure of 27 loans encumbering a residential and commercial real estate portfolio in eastern Pennsylvania.
The firm was retained by the property owner and business owner as lead negotiator and strategist to restructure the loans encumbering a portfolio of commercial and residential real estate in Pennsylvania whose owner had filed chapter 11.
The assignment required negotiating with the first, second, and third trust deed holders encumbering the real estate and equipment of a portfolio of commercial and residential properties in Pennsylvania, as well as the mapping out of the daily chapter 11 strategies.
Capital Restructure Group was also retained to write the chapter 11 reorganization plan, and the chapter 11 disclosure statement, which are the documents that describe how debts are being restructured and how the property owner and his company will profitably emerge from chapter 11.
The firm wrote an initial reorganization plan incorporating terms and conditions into the loans that it felt the court would approve as a roadmap to induce the various banks and creditors to consent to a consensual restructure of their loans under terms and conditions less severe than that proposed in the initial reorganization plan. The subsequent negotiations resulted in 27 of the 28 loans being consensually restructured. Capital Restructure Group then amended the reorganization plan and disclosure statement to reflect the negotiated settlements with the 27 and left the lender with the 28th loan to face a likely restructure of its loan through the same reorganization plan, but over its objection.
Of the 28 creditors, only one objected to the Disclosure Statement which the court approved. The plan is set to be voted on in March with confirmation expected in April.
Capital Restructure Group is an expert in CMBS loan restructures, commercial real estate loan restructures, and business debt restructure. The Company consults to Property Owners and Business owners nationwide and its principals have successfully restructured their own business debt and real estate debt both in and out of chapter 11.
Contact:
CAPITAL RESTRUCTURE GROUP
Phone # 877-572-2748 (877-57-CAPITAL)
Website: www.capitalrestructuregroup.com
E-Mail : CAPITALRESTRUCTUREGROUP@GMAIL.COM
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The firm was retained by the property owner and business owner as lead negotiator and strategist to restructure the loans encumbering a portfolio of commercial and residential real estate in Pennsylvania whose owner had filed chapter 11.
The assignment required negotiating with the first, second, and third trust deed holders encumbering the real estate and equipment of a portfolio of commercial and residential properties in Pennsylvania, as well as the mapping out of the daily chapter 11 strategies.
Capital Restructure Group was also retained to write the chapter 11 reorganization plan, and the chapter 11 disclosure statement, which are the documents that describe how debts are being restructured and how the property owner and his company will profitably emerge from chapter 11.
The firm wrote an initial reorganization plan incorporating terms and conditions into the loans that it felt the court would approve as a roadmap to induce the various banks and creditors to consent to a consensual restructure of their loans under terms and conditions less severe than that proposed in the initial reorganization plan. The subsequent negotiations resulted in 27 of the 28 loans being consensually restructured. Capital Restructure Group then amended the reorganization plan and disclosure statement to reflect the negotiated settlements with the 27 and left the lender with the 28th loan to face a likely restructure of its loan through the same reorganization plan, but over its objection.
Of the 28 creditors, only one objected to the Disclosure Statement which the court approved. The plan is set to be voted on in March with confirmation expected in April.
Capital Restructure Group is an expert in CMBS loan restructures, commercial real estate loan restructures, and business debt restructure. The Company consults to Property Owners and Business owners nationwide and its principals have successfully restructured their own business debt and real estate debt both in and out of chapter 11.
Contact:
CAPITAL RESTRUCTURE GROUP
Phone # 877-572-2748 (877-57-CAPITAL)
Website: www.capitalrestructuregroup.com
E-Mail : CAPITALRESTRUCTUREGROUP@GMAIL.COM
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