San Diego, CA (PRWEB) January 04, 2013
Breakwater Equity Partners, a financial reengineering firm that restructures distressed commercial properties, has surpassed $3 billion in total loan advisory assignments. In 2012 Breakwater consulted on over $1.129 billion worth of commercial real estate loans. It secured twice as many new clients in 2012 compared to 2011, and increased the average client loan size from $20MM to over $27MM. Breakwater anticipates increasing demand for its debt restructuring services and expects to complete $3 billion in new transactions in 2013.
Breakwater uses its ground-breaking, three-dimensional approach to reengineer troubled commercial properties. Some of its notable successes in 2012 include:
Experts predict that nationwide demand for commercial loan restructuring will grow through 2017. Commercial data provider Trepp projects that demand for Commercial Mortgage Backed Security (CMBS) loan refinances will exceed $403 billion as current loans mature. Many of the maturing loans are underwater and cannot be refinanced without a debt restructuring.
“We expect to ramp up our advisory work to $3 billion of loans in 2013. Our team is passionate about providing the best solutions to our clients. We expect to hire an additional 30 employees in 2013 in order to help as many investors as possible,” said Phil Jemmett, Breakwater Equity Partners CEO.
About Breakwater Equity Partners
Breakwater Equity Partners, a San Diego-based commercial real estate workout consultancy and investment firm, has extensive experience handling over 200 engagements with loan values in excess of a $3B. Breakwater has devised a unique, multidisciplinary approach to uncovering and resolving distressed assets. Breakwater’s professional team combines legal, financial, economic, banking, tax, and regulatory expertise to devise customized strategies for each property regardless of market (primary to tertiary), asset class (office, retail, multi-family, industrial, flex, land) or loan type (portfolio or CMBS). For more information on Breakwater Equity Partners, please call 858-490-3630 or visit http://www.breakwaterequity.com.