Client presents with the following scenario:

• Asset portfolio – Client owns 10 Commercial and Residential properties with a value of $41,000,000 and bank debt of $27,000,000
• Business Loans secured by the properties, full payments not made for a 12 month period.
• Sale of properties commenced for Receiver’s sale.
• Client was unable to obtain refinance of facilities.
• Bank was unwilling to provide partial releases to allow sale of a portion of the properties.

Client’s objectives were:

• Reduce the portfolio to a sustainable level of $11 million in assets.

DJ Partners achieves results for clients:

• Deed was negotiated with the bank providing the client with a 12 month facility at standard interest rates.
• Client resumed making regular repayments for the Business Loan.
• Bank-Client trust and communication was re-established.
• Result of a new 12 month facility for the Client was a premium result under the circumstances initially presented.
• New deed allowed the Client time to sell several properties to continue banking with their Lender at reduced debt levels.