I couldn’t be more excited about this opportunity with Covendium here in the Northwest.
Orlando, FL (Vocus/PRWEB) April 12, 2011
Troy McClain, CEO of McClain Companies, business consultant and television personality (Donald Trump’s The Apprentice, Home Team, HGTV) has joined Covendium LLC as the Northwest Regional Director for Commercial Debt Resolution. Covendium LLC, the Nation’s premier commercial restructuring advisory firm, specializes in debt restructuring and private debt placement.
Troy’s fourteen years of professional experience in finance and marketing along with his years of being a seasoned entrepreneur in such businesses as mortgage banking and real estate development is what attracted Covendium LLC to this alignment.
It was McClain’s personal life story, drive and unyielding perseverance that originally captured America’s interest in this young up-and-comer, during the first season of NBC’s The Apprentice. In his book Trump: Think Like a Billionaire, Donald Trump wrote, "Guys like Troy make America Great.” Troy still considers Mr. Trump a personal friend and business mentor.
For Covendium, Troy will assist entrepreneurs whose businesses and personal wealth have been impaired by the economic downturn and devaluation of the commercial real estate market. “Troy is the entrepreneur’s entrepreneur,” said Covendium President Doug Long. “They see Troy as a trusted advisor and genuinely committed to helping them get their business back on solid ground.”
Covendium specializes in comprehensive commercial debt restructuring and resolution for entrepreneurs whose financial model has been devastated by unsustainable debt service payments. Covendium helps entrepreneurs that wish to restructure their business, avoid bankruptcy and refocus their attention from their debt to revenue growth.
Covendium’s proprietary process combines detailed financial analysis and in-depth market knowledge with experienced professionals that have already negotiated successful resolutions for over $4 Billion in client obligations.
“I couldn’t be more excited about this opportunity with Covendium here in the Northwest,” said Troy McClain. “This company offers real alternatives and options to Northwest companies in distress and I am honored to be associated with the true professionals at Covendium.”
For more information about Troy McClain joining the Covendium team, 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.
Covendium specializes in comprehensive commercial debt restructuring and resolution 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 avoiding bankruptcy in Chicago to commercial debt restructuring in Charlotte to eliminating personal guarantees in Miami to avoiding commercial foreclosure in Phoenix.