Case Study 2
Alternative Lender & M&A Advisor
Challenges Identified:
- Brian Arden Winery
- Traditional lenders were not interested in taking over a loan that did not cover a standard Debt Coverage Service Ratio.
- SBA loan with a variable interest rate and non-payment triggered a Notice of Default (NOD).
- After nine months, a Trustee was hired to execute a sale on the NOD.
Bacchus Consulting Role & Strategy in Turnaround:
- Initially hired as a Consultant to find alternative lenders.
- The assignment evolved into a financial advisor role to sell the property.
- Advised and managed Brian Harlan (Proprietor) with the sale of the property.
Key Results:
- Bacchus’ Rolodex of Alternative Lenders found a Notice of Default Lender to take over as the Senior Lender.
- NOD lender created a 12-month bridge loan with an interest reserve.
- Sold the property during one of the most challenging real estate markets.
- The property sold for only a 14% discount to the appraised value.
- Achieved a favorable outcome with a 100% recovery for all secured lenders.
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