Leading Debt Resolution Firm Covendium Announces the Promotion of Brian Clapp

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Covendium, the leading commercial debt resolution firm, is pleased to announce the promotion of Brian Clapp to Managing Director of Client Analytics.

commercial debt restructure

Covendium specializes in comprehensive commercial debt restructuring and resolution.

Brian has been instrumental in developing many of the proprietary models and analytical tools that we’ve used on behalf of our clients

Covendium, the nation’s largest debtor-side commercial debt restructuring and advocacy firm announces the promotion of Brian Clapp to Managing Director of Client Analytics, reporting directly to Gregg Grauer, CEO, and Doug Long, President, of Covendium.

Mr. Clapp will be responsible for managing Covendium’s client analytics team, directing all client-related financial analytics and developing the financial proposals Covendium uses to negotiate directly with its clients’ lenders and potential new investors. To date, Covendium has negotiated on behalf of its clients debts of more than $4.5 billion, and projects another $1 billion in the 3rd quarter of 2011.

Brian holds a Master in Real Estate Planning and Development from the University of Massachusetts at Amherst and a Master in Business Administration from Georgetown University. Prior to Covendium, Brian was a financial executive at Lennar Homes.

“With over $1.4 trillion of commercial debt maturing in the next couple of years, Covendium is investing in our infrastructure to meet the needs of existing and new clients”, says Covendium Chief Executive Officer Gregg Grauer. “Brian has been instrumental in developing many of the proprietary models and analytical tools that we’ve used on behalf of our clients, and his focus now will be to ensure that those processes are systematized and scalable to handle the incredible growth we are experiencing.”

For more information about how Covendium can help commercial debtors negotiate with their lenders, or any of Covendium’s products or services, call them at (407) 284-4000, or view them on the web at http://www.covendium.com.

About Covendium
Covendium specializes in comprehensive commercial debt resolution and restructuring for clients whose financial model has been destroyed by debt service payments that have become unsustainable.

For some clients, all they need is an experienced negotiator to provide their lender with the reality of the financial situation and the tool-set to restructure their obligations. For other clients, Covendium may assist in the replacement of the debt from a bank to a private funding source.

Their team of professional advisors has successfully restructured billions in transactions, with dozens of banking institutions (including major national, regional and community banks) and over 30 separate non-bank financial counterparties.

Bad things happen to good people. Covendium is a premier national debt resolution firm that helps their clients with everything from commercial foreclosure in Charlotte to recapitalization in Miami to unpaid principal balance in Phoenix to discounted pay off in Chicago.

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Jonathan Gorman
Covendium
(407) 284-4380
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