SOUTHWEST Industrial Mixed-Use
CRE-CLO DPO
A Texas-based family office purchased a 90,000 square foot, industrial mixed-use property in 2006. With turbulent markets over the last few years and inconsistent cash flows, the Borrower was unable to pay the loan off at par when the loan matured. THG successfully negotiated a $1.2 million Discounted Payoff (DPO) on the original $9.5 million CRE-CLO loan. With the Lender approving a nearly 87% payoff, the investor was highly satisfied, earning a favorable return on their investment.
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