$22M
Business Law
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Case Details
In re: Southfield Office Building #14, LP. et.al., Austin, Texas. This case involved the restructuring of a $22 million investment. The highlights include: Reinstated Defaulted Loan, Reduced Interest Rate by 200 Basis Points, Reduced Reserve Requirements by 87%, Eliminated Loan Defeasance Fee/Prepayment Penalty, Extended Loan Maturity Date, Rolled Up 25 TIC Owners into a Single LLC, Preserved 100% of Equity of Owners.