SERVICES

 

Strategic Capital & Investments

Lucrum represents clients in acquiring and investing in select asset classes in key markets which offer stable risk-adjusted returns and attractive exits.  Lucrum brings in preferred and joint venture equity and, if requested by a client, new equity to help recapitalize an under-performing asset or an asset undergoing short-term issues (whether due to natural disasters, interruptions in operations; loss of key tenants; management transitions or for other reasons).

Debt Relief & Loan Workout/Modification Services

Lucrum advises and represents owners, investors, borrowers and lenders on the process for obtaining/granting debt relief, loan modifications and workouts, as well as pursuing other options to recapitalize real estate assets that would benefit from additional equity infusions.  Lucrum has particular experience on CMBS loan modifications and has worked with the leading servicers.

 

Lucrum advises owners of all asset types, including multi-family, office/medial office, hospitality, retail, industrial and self-storage, who need debt relief from their lenders and servicers.

 

The team at Lucrum provides guidance on forbearance requests and other loan modification requests and to navigate the loan modification process in order to achieve successful loan modifications for both borrowers and lenders.

Advisory services include:

  • Forbearance requests

  • Releases from reserves

  • Extending a maturing loan

  • Reducing the interest rate

  • Amortization relief

  • Reducing the principal balance

  • Assumptions

  • Recapitalizations

  • Short sale

  • Deed-in-Lieu

  • Collateral substitutions

REPRESENTATIVE TRANSACTIONS

  • Texas (San Antonio & Irving): Industrial Portfolio - Loan Modification and Collateral Release, $49,000,000

  • Texas (Houston, Katy & Spring): 6-Property Class A Multi-Family Portfolio - Loan Restructure, Guarantor Release & Management Replacement, $141,000,000

  • Texas (San Antonio): 3-Property Multi-Family Portfolio - Loan Restructure, Guarantor Release & Management Replacement, $83,000,000

  • Texas (Euless): Class A Multi-Family Property, Management Replacement

  • Maryland (Jessup, Frederick, Hanover): Industrial Portfolio - Loan Modification and Collateral Release, $85,000,000

  • Tennessee (Cordova): Class A Multi-Family Property – Loan Restructure, Guarantor Release & Management Replacement, $25,000,000

  • California (San Diego & Irvine): Industrial Portfolio - Loan Modification and Collateral Release, $15,700,000

  • Texas (Fort Worth): Class A Multi-Family Property – Loan Restructure, Guarantor Release & Management Replacement, $30,000,000

  • Texas (Pasadena): Mixed-Use Property, Maturity Extension  

  • Texas (Plano): Mixed-Use Property, Maturity Extension  

  • Texas (Pearland): Mixed-Use Property, Maturity Extension  

  • California (Hollywood): Office Complex, Restructure and Sale, $120,000,000

  • California (Irvine): Hotel acquisition, franchise and loan restructure/modification

  • California (Palo Alto): Hotel acquisition, franchise and loan restructure/modification

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125 Court Street, Suite 8HN, Brooklyn, New York, USA

 (310) 785-9491

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