San Diego, CA (PRWEB) March 28, 2011
Breakwater Equity Partners, a consulting firm specializing in commercial loan workouts, right now announced the firm has surpassed $ 1 billion in total loan exercise volume. The 21-person firm, positioned in San Diego, CA, has been doubling each and every ninety days to accommodate the increasing demand for industrial loan modifications.

Breakwater Equity attributes its quickly development and accomplishment to the hands-on encounter of its team, with more than 180 workout assignments completed or in progress. Breakwater utilizes a diverse group of specialized authorities in the fields of finance, bankruptcy, banking, genuine estate law, litigation management and negotiation. Its a bittersweet success story, stated Phil Jemmett, CEO of Breakwater Equity Partners. Whilst we are not excited about the state of the economy and the downturn in the true estate market place, we are enthusiastic about the chance to help home owners and investors save their troubled properties and resolve their private guarantees. All of our customers are dealing with a high level of financial and emotional discomfort, as the true estate collapse has destroyed years of difficult work and produced an uncertain future.

Breakwater has performed a wide selection of industrial loan workouts on the way to $ 1 billion, from single asset workouts on $ 1 Million loans, to multi-asset real estate portfolios exceeding $ one hundred Million (minimum loan size is now $ five Million). The business has worked on just about each and every genuine estate asset class in a wide selection of places across the U.S. like office buildings, industrial, retail, from strip centers to huge shopping malls, multi-loved ones residential, mixed use, master-planned communities, broken construction projects, residential and land development, golf courses, farming operations and manufacturing facilities.

We see no instant finish to the limited availability of credit, stated Armand Nicholi, CFO of Breakwater Equity. The banking business is not healthful right now. Every single day we come across banks that are refusing to recognize the extent of their credit losses. Banks arent coming clean with regulators, investors, or the public. The negative loans are clogging up the economic method, and unless we face up to this difficulty we are going to be where Japan was back in the 1990s. Soon after the last actual estate melt down, the RTC liquidated all the bad debts it was very painful, but it cleaned up lender balance sheets, restored the credit markets, and swiftly permitted the economy to get back on its feet. We dont appear prepared to go by means of that procedure this time around, so the discomfort will continue. The genuine estate market will not return to normal situations until credit is offered on commercially-reasonable terms.

Breakwater also has been working on TIC (tenant-in-typical) loan workouts and is the consulting group managing the Met Center ten office creating workout in Austin, Texas, which has been at the center of controversy over Grubb & Elliss judgment of fraud and gross negligence in their dealings with and disclosures to TIC investment members as reported in the Wall Street Journal (Ruling Gives a Peek Into Boom’s Fallout – Anton Troianovsky, December 22, 2010).

According to our study there are over $ 1.7 Trillion in commercial true estate loans that will be maturing by 2015, $ 1.1 Trillion of which will likely be beneath water, continued Phil Jemmett. We dont see the commercial genuine estate market improving significantly in the course of the subsequent handful of years. With sluggish job growth, growing oil rates, a declining housing marketplace, ballooning government debt, and tight credit, it seems unlikely that the industrial marketplace will recover in the close to term. As these underwater loans hit maturity, an orderly debt restructuring method is in the very best interests of each borrowers and lenders. We believe industrial loan workouts are the most efficient way of resolving these troubles, and an efficient option to uncertain, pricey, and lengthy bankruptcy and litigation processes.

About Breakwater Equity Partners
Breakwater Equity Partners is a privately-owned actual estate consulting firm located in San Diego, CA, providing industrial loan exercise techniques and negotiation services to property owners and investors all through the U.S. The Breakwater group, consisting of specialists in finance, banking, genuine estate and law, has worked on over 175 commercial loan workouts throughout the US, with deep experience in a wide variety of true estate classes, such as office, industrial, retail, multi-family, mixed use, master-planned communities, residential and land development, golf courses, and farming operations. Breakwater also specializes in Tenant-in-Widespread loan workouts. For much more info on Breakwater Equity Partners, please get in touch with 858-490-3630 or pay a visit to http://www.breakwaterequity.com. Study our industrial loan exercise blog at http://www.breakwaterequity.com/weblog.

Media Make contact with
Victoria Cunningham
victoria(at)breakwaterequity(dot)com
858-490-3630 x112

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