Workouts for private builders could take another 2-3 years We recently hosted a conference featuring David McCain of MPKA, which is a consulting firm that provides financing and debt restructuring advice to homebuilders. Private builders may still require another 2-3 years to fully work through legacy real estate transactions that usually carried full recourse for …
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Bank of America/Merrill Lynch
Posted Apr 6th, 2011 By MPKA in Articles With | Comments Off on Bank of America/Merrill Lynch -
Debt Restructuring: Moderating Factors and Lessons Learned
Posted Nov 29th, 2010 By MPKA in Articles With | Comments Off on Debt Restructuring: Moderating Factors and Lessons LearnedBy David McCain and Bill Albers, MPKA, LLC (This is the fifth and final article in a series on what builders need to know about restructuring debt and planning for surviving financial adversity in today’s real estate market.) Once a debt restructuring specialist has been hired and the process of restructuring begins, there are many …
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Case Study: Developers Climb Out of Debt and Live to See Another Day
Posted Nov 29th, 2010 By MPKA in Articles With | Comments Off on Case Study: Developers Climb Out of Debt and Live to See Another DayBy David McCain and Bill Albers, MPKA, LLC (This is the fourth in a series on what builders need to know about restructuring debt and planning for surviving financial adversity in today’s real estate market.) You have made the decision to hire a debt restructure specialist, and the process begins. From the time you hire …
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Case Study: Developer Is $300 Million in Debt and Sees $100 Million in Equity Disappear
Posted Nov 29th, 2010 By MPKA in Articles With | Comments Off on Case Study: Developer Is $300 Million in Debt and Sees $100 Million in Equity DisappearBy David McCain and Bill Albers, MPKA, LLC (This is the third in a series on what builders need to know about restructuring debt and planning for surviving financial adversity in today’s real estate market.) You have made the decision to hire a debt restructure specialist, and the process begins. From the time you hire …
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Banks Provide Many Alternative Routes for Settling Debts
Posted Nov 29th, 2010 By MPKA in Articles With | Comments Off on Banks Provide Many Alternative Routes for Settling DebtsBy David McCain and Bill Albers, MPKA, LLC (This is the second in a series on what builders need to know about restructuring debt and planning for surviving financial adversity in today’s real estate market.) You have made the decision to hire a debt restructure specialist, and the process begins. Your initial consultation will include …
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Debt Restructuring Helping Builders Survive Today’s Financial Crisis
Posted Nov 29th, 2010 By MPKA in Articles With | Comments Off on Debt Restructuring Helping Builders Survive Today’s Financial Crisis(This is the first in a series of articles on what builders need to know about restructuring their debt and planning for surviving financial adversity in today’s real estate market.) By David McCain and Bill Albers, MPKA, LLC Even as the promise of a housing recovery moves closer into sight, debt restructuring is the name …
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Tony DeLuca, Pringle Development
Posted Apr 7th, 2010 By MPKA in Testimonials With | Comments Off on Tony DeLuca, Pringle DevelopmentMPKA has shown to possess unique financial insight and has brought a creative and distinctive approach in solving today’s business challenges.
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Cary Glickstein, Ironwood Properties
Posted Apr 7th, 2010 By MPKA in Testimonials With | Comments Off on Cary Glickstein, Ironwood PropertiesAt a time of great uncertainty, MPKA brought to bear tremendous experience across varied disciplines to provide much needed insight to our particular situation. Their insight and credibility with lenders and capital sources helped us successfully navigate the ever-changing maze of problems and opportunities, such that we were able to re-capitalize our company and place …
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Steve Nordstrom, Pringle Development
Posted Apr 7th, 2010 By MPKA in Testimonials With | Comments Off on Steve Nordstrom, Pringle DevelopmentI have found the advice and creative insight from MPKA invaluable as we navigate through unprecedented challenges. I recommend them without reservation.
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Jim Medall, Rhine Medall Interests
Posted Apr 7th, 2010 By MPKA in Testimonials With | Comments Off on Jim Medall, Rhine Medall InterestsBill Albers walked us through a very difficult time in our business by providing clear and concise counsel. His advice saved us time and money, and most importantly, we can now focus on our future without the shadow of the past impacting our vision.