Client Situation Resolution

Secured Lender (Large Wall Street Apartment Complex)

Large apartment complex located in lower Manhattan, experienced numerous and material adverse forecast deviations. Furthermore, certain secured lenders questioned accounting practices. An ABS professional led a team analyzing the situation on behalf of the secured creditors. A revised forecast based on a market study and other best practices was prepared enabling the secured lenders to better understand their respective position in future negotiations with the borrower.

Epic Resorts, LLC

Six resort timeshare company was forced into bankruptcy by certain secured lenders. An ABS professional served as interim Chief Financial Officer Secured DIP Financing and successfully sold the operating assets through bankruptcy.