Andrew Milia of Franklin Consulting Company was appointed as a receiver by Judge Martha Anderson of the Oakland County Circuit Court to provide receivership services for an office building located in Novi, Michigan. The property is currently under foreclosure proceedings by the owner’s lender, Flagstar Bank. The receiver will provide property management, leasing, accounting and oversight services for the multi-tenant building.
Franklin Consulting Company Successfully Negotiates Discounted Loan Payoff
Franklin Consulting Company was retained by a Novi, Michigan investment company to provide consulting services for a portfolio of properties with lending issues. Franklin Consulting successfully negotiated discounted loan payoff agreements on several properties including loans with GE Capital, one of the Nation’s largest real estate lenders. Franklin Consulting has been retained by numerous developer and investor clients to represent them in commercial loan modifications on properties throughout the United States with CMBS, Life Insurance Companies and National Banks.
Franklin Consulting Company Retained to Negotiate Loan Modification With National Hedge Fund
Franklin Consulting Company was retained by a Novi, Michigan investment company to provide financial analysis and loan consulting services for a corporate headquarters office building in Novi, Michigan. Franklin Consulting successfully negotiated a forbearance agreement and five year loan modification with Colony Financial, one of the Nation’s largest hedge fund lenders enabling the property owner to save the property from foreclosure and reposition the property. Franklin Consulting has been retained by numerous developer and investor clients to represent them in commercial loan modifications on properties throughout the United States with CMBS, Life Insurance Companies and National Banks.
Successful Lender Workout by Franklin Consulting
Franklin Consulting Company, an affiliate of Franklin Property Corporation, has been retained by a leading development group to handle lender workout negotiations on behalf of a portfolio of loans that include office, industrial and vacant land properties. The assignment consisted of a simultaneous workout strategy with three separate lending institutions, including CMBS lenders, international banks and private equity funds.
Franklin Consulting Company Retained As Expert Witness in Federal Court
Franklin Consulting Company was retained by the law firms of Sullivan Ward, Asher & Patton, PC, and Morganroth and Morganroth, PLLC, on behalf of its client to provide real estate expert witness testimony and litigation support in a matter pending in Federal Bankruptcy Court. Andrew Milia was retained to testify on management practices and management fees as an industry expert in the case to resolve a partnership dispute involving several multi-million dollar entities.
Successful Lender Workout by Franklin Consulting
Franklin Consulting Company, an affiliate of Franklin Property Corporation, has been retained by a local investment group to handle its loan workout negotiations with a regional bank. The owner’s portfolio, totaling in excess of $20,000,000, includes a series of office and industrial buildings as well as vacant land. The Company has been engaged to implement a strategic workout plan, including loan modifications and discounted loan payoffs.