Mangrove Advisory Group has restructured loans and reached settlement agreements for loans ranging from $1 million to over $50 million.
Mangrove Advisory Group's workout services include:
- Deeds in Lieu
- Development and Implementation of Workout Plans
- Direct Negotiations with Lender and Special Servicer Representatives
- Friendly Foreclosures
- Loan Extensions and Modifications
- Note Sales
- Recapitalizations
- Removal of Personal Guarantees
- Short Sales
Representative past engagements include:
- Negotiated on behalf of guarantor the settlement and release of contingent liability from a senior loan pertaining to a luxury condominium project with deep water-dockage and other recreational amenities in Pinellas County, FL
- Negotiated a senior loan restructuring on behalf of the land developer/borrower pertaining to a vacation residence project with an extensive clubhouse, recreational and hotel operation in Osceola County, FL
- Negotiated a senior loan extension and restructuring on behalf of the developer/borrower pertaining to an upscale retail center undergoing lease-up in Lee County, FL
- Negotiated on behalf of land developer/home builder/borrower a short sale of the land and removal of personal guarantees from the lender and real estate partners in Hillsborough County, FL
- Negotiated on behalf of one of five partners to secure release of his guarantee and contingent liability from a senior loan pertaining to an office building undergoing lease-up in Sarasota County, FL
Past workouts have involved operating companies, office buildings, shopping centers, hotels, restaurants, golf courses, rental apartment complexes, industrial, residential condominium projects, single-family housing projects, master-planned developments, golf courses, and residential and commercial land. These workouts involved assets located throughout 20 states.