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Real Estate, Hospitality & Construction

Acting as CRO for an industrials company's complex Chapter 11 reorganization

Context

A leading developer and operator of luxury vacation properties was in a financial crisis and had breached covenant on its loan.

Value Created

$275M
stabilization of the company’s loan portfolio by serving as financial advisors, CRO, COO and CFO.
$30M
savings from portfolio management operations and structuring of forbearance agreement.
Successful sale
of assets to a leading global resort and timeshare company.​

People

VALUE LEVERS

  1. Interim CRO/COO/CFO leadership
  2. Financial & sell-side advisory expertise
  3. Cross-Party collaboration (Lender, Legal Counsel)

HOW WE DID IT

  • Provided interim CRO, COO, and CFO leadership to the company
  • Collaborated closely with the primary secured lender (RFA), Houlihan Lokey, and legal counsel
  • Spearheaded the successful sale of assets to a leading global resort and timeshare company

Process

VALUE LEVERS

  1. Forbearance agreement structuring
  2. Operational streamlining (construction, finance, portfolio management)
  3. Bankruptcy and §363 sale process management
  4. Performance improvement initiatives

HOW WE DID IT

  • Structured the company’s forbearance agreement
  • Streamlined construction, finance, and portfolio management operations
  • Stabilized the company’s $275M loan portfolio
  • Executed a bankruptcy filing and §363 asset sale