Case Studies
J.S. Held Acquires GLI Advisors, Strengthening Our Construction Project Support Services in the Western US and Hawaii
Read MoreA high-end single and multiple-family real estate developer based in Florida.
The developer had 14 partially complete projects and had run out of cash. The Company had already borrowed more from construction loans than the percentage of completion on virtually every project. Banks were not willing to fund additional loans, and projects could not be completed. Litigation threats were mounting, and construction had all but stopped. Most suppliers and subcontractors were not willing to provide any additional support to the Company.
Our experts were hired to develop and lead an out-of-court restructuring to complete the projects and wind down the developer's affairs. Working with property owners, suppliers, subcontractors, and lenders, we forged a compromise that enabled the projects to be completed with the shared support of all constituents. All 14 of the open projects were completed, and all open litigation was resolved.
Brian F. Gleason, CTP
Senior Managing Director
Strategic Advisory Practice
+1 610 659 8118
[email protected]
> Out-of-Court Winddowns
We deliver strategic guidance through the winddown of business operations or underperforming assets, helping preserve value and reputation while avoiding the disruption, cost, and public scrutiny of formal bankruptcy. Our expert financial and operational advisors apply decades of experience providing exit solutions across a wide range of industries and complexities to deliver, and often execute, comprehensive solutions for distressed businesses.
> Turnaround and Restructuring Services
Navigating the many challenges confronting a company in transition requires an operationally focused approach that looks beyond the balance sheet to minimize further degradation and build a path to sustainable growth. Drawing upon decades of experience in the turnaround space, we help companies in transition identify practical strategies to improve profitability and liquidity for immediate relief, while concurrently developing and executing a comprehensive turnaround plan for long-term, sustainable value creation.