We advise real estate development company loans reconstruction
The benefit of the renegotiated loan was about two million euros for our client.
PROBLEM
Our corporate client’s cash had become light due to significant growth, and due to the delay of one large project, the company had run into payment difficulties. We negotiated a voluntary loan restructuring with the banks, which avoided the company’s bankruptcy. The benefit of the renegotiated loan was about two million euros for our client.
SOLUTION
We familiarized ourselves with our client’s project and situation. We advised and negotiated a long-term arrangement on behalf of the company, where receivables and interest were cut significantly.
Our client was very satisfied, because the subsequent sale of the projects would bring the same, if not more, than was budgeted at the beginning of the project. Our actions enabled our client to have a better result and continuity of operations.
JURIST
The matter was handled by a partner Thomas Kankaanpää.
