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Selected projects and outcomes
One of our clients said it best: when companies face restructuring, we step in and “stop the bleeding.”
We specialize in reining in losses, slashing costs, and tailoring workable plans, and negotiating sustainable solutions with our clients’ creditors. Over the years, we’ve restructured billions in client assets to generate increased cash flow, return to them liquidity, and restore their capacity to rebuild.
DEBT RESTRUCTURING
Discounted loan payoffs, payment reductions, foreclosures and judicial foreclosures
- Negotiated a reduction of the loan balance from over $9 million to $4.8 million, when a leading Los Angeles real estate developer sought a discounted loan payoff on a 100,000-square-foot shopping center.
- Restructured $44 million in loans and credit lines to rescue a prominent Northern California real estate development firm after Wells Fargo and Bank of America called 18 loans.
- Protected the personal assets of principals in a well-known Southern California architectural firm, after Bank of America filed a judicial foreclosure action against them.
- Negotiated a “friendly foreclosure” with Sumitomo Bank of a 365-acre property in Placer County, California, that allowed the guarantors to escape a multi-million dollar deficiency for pennies on the dollar.
LEASE RESTRUCTURING
Rent reductions, lease terminations, subleasing and assignments of leases, remodeling contributions from landlords
- Reduced lease liability by $9.3 million and eliminated an additional $1.2 million in annual operating losses by negotiating a termination of four leases for a big-box retailer with a portfolio of under-performing stores. A national real estate company worked on the problem for 18 months, without resolution. In did the job in seven months.
- Persuaded 7 of 10 landlords in a test market to contribute funds for store remodeling, saving a national chain $1.2 million, when they wanted to test market a new concept, but had limited funds and timing was urgent. HMS completed the project within four months.
EQUIPMENT LEASE RESTRUCTURING
Lease payment reductions, lease terminations
Worked with 13 of the nation’s largest lenders and successfully restructured $102.4 million in equipment leases to reduce our client’s total lease liability by more than half, to $45.5 million.
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