Remington Homes - Chicago Metropolitan Area

 
remington

CF Capital Partners, Inc. was engaged to assist in the final resolution of $70 million of bank debt. The bank debt included loans on nine subdivision land acquisition and development loans and five loans on packages of model homes. There were eleven different banks. Due to the economic turmoil in the new home construction business, the developer decided to wind down operations and seek to negotiate settlements on guarantees and an orderly liquidation of properties with their various lenders.

CF prepared an overall plan and the associated financial information to present to the lending group and acted as lead negotiator to procure settlements.

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