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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.

Franklin Natural Resources and Franklin Northern Land Company, affiliates of Franklin Property Corporation, leased 400 acres of its northern Michigan land holdings in Emmet and Charlevoix Counties to Chesapeake Energy Company for oil and gas exploration. Chesapeake Energy, a public oil and gas exploration company based in Oklahoma, has substantially increased its land lease holdings in Northern Michigan in competition with other international energy companies vying for land in the market.

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 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.

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.

Franklin Property Corporation arranged the construction and permanent financing for the new Hampton Inn and Suites in Pinedale, Wyoming. Retained by one of the leading national hotel development and management companies—Hotel Investment Services, Inc.—Franklin Property was able to secure financing on behalf of an investment group at the height of the financial crisis. Hampton Inn and Suites, a 102-room hotel, is scheduled to open February of 2009.

The Pinedale Hampton Inn is one in a series of hotels developed and managed by Hotel Investment Services as part of its expansion into the Wyoming marketplace. The company manages a portfolio of hotels, conference centers, golf courses and retreat centers throughout the country.

Franklin Property Corporation has also been retained by the company to assist it in site planning and due diligence evaluation for other area hotels.