San Diego, CA (PRWEB) July 09, 2012
Right now Breakwater Equity Partners, a consulting firm specializing in commercial loan workouts, announced that the firm has been engaged on more than $ 2.five billion in total loan volume. The now 30-person firm, situated in San Diego, CA, has been doubling its employees every year to respond to the developing demand for industrial loan modifications.

Breakwater is extremely well positioned to assist home owners of commercial true estate effectively workout their distressed scenarios, mentioned Phil Jemmett, CEO of Breakwater Equity Partners. As each the US and international economy continue to truly struggle and wreak havoc on the commercial genuine estate industry, we stay enthusiastic about helping house owners and investors save their troubled investments. All of our customers are dealing with a higher level of financial and emotional pain, as the genuine estate crisis has destroyed years of challenging perform and developed an uncertain future.

Breakwater attributes its quickly growth and accomplishment to the hands-on experience of its team, with more than 200 exercise assignments completed or in progress. The firm employs a distinctive, multidisciplinary method with highly skilled teams in finance, bankruptcy, banking, true estate law, litigation management and negotiation.

Breakwater has performed a wide variety of industrial loan workouts, but specializes in high-profile properties with Tenancy-In-Widespread (TIC) ownership structures. The firm has worked on almost every genuine estate asset class all across the U.S. including office, industrial, retail, from strip centers to big purchasing malls, multi-family members residential, mixed use, master-planned communities, broken construction projects, residential and land improvement, golf courses, and manufacturing facilities.

Recently, Breakwater was able to work out a 50% discounted payoff on a loan secured by a nine-story office developing in Clearwater, Florida. The TIC owners had invested over $ ten million in the property, but the house had declined in value by more than 50% as vacancy skyrocketed. Breakwater effectively negotiated a new agreement with the reluctant unique servicer, and the owners were able to steer clear of foreclosure, capital gains taxes, and a comprehensive loss of their original investment. In the end, the house was sold to a related party at a discounted price, and the owners now have a property, loan, and financial predicament that all make financial sense.

Sadly myriad economic forces are catapulting numerous commercial true estate owners into the exact same vulnerable position. There are around $ 1.7 trillion of industrial genuine estate loans coming due for refinancing by 2016, and the vast majority of those properties are not able to be refinanced for one reason or an additional, said Armand Nicholi, BreakwaterCFO. Falling home values and rental rates combined with escalating vacancies and intractable, overwhelmed lenders leave numerous CRE owners facing default or even worse, foreclosure. This is where Breakwaters breadth of knowledge can step in, cease the downward spiral and save these owners from losing their investment.

About Breakwater Equity Partners
Breakwater Equity Partners is a San Diego, CA primarily based industrial true estate exercise consultancy and investment firm. By way of Breakwaters substantial expertise on more than 200 engagements with loan values in excess of a $ two.5B, the firm has devised a completely distinctive, multidisciplinary strategy to uncovering and resolving distressed asset scenarios. Breakwaters specialist team combines legal, monetary, financial, banking, and actual estate experience to devise customized approaches for each special case regardless of industry (gateways to tertiary), asset class (single and multi-loved ones, workplace, flex, multi tenant land, time shares, development, power centers) or loan sort (portfolio or CMBS). Please visit our web site at http://www.breakwaterequity.com to overview case research on representative bargains. 
Breakwater Equity Partners, please contact 858-490-3630 or go to http://www.breakwaterequity.com.