WA develops and implements successful workout strategies for underperforming assets and guaranteed investments on an individual deal and portfolio basis. WA’s direct efforts have saved our clients guaranty, recapture, and tax credit loss exposure in excess of $250 million. Key accomplishments and workout services include:
WA workout efforts have reduced investor/ syndicator guarantee exposure by well over $100 million on major workouts.
WA successfully managed a portfolio of 56 tax credit workouts, reducing syndicator property support by roughly $4MM annually, while protecting the syndicator’s reputation.
WA restructured a 17-property portfolio with a common lender and tax credit investor, in order to prevent over $40MM in tax credit recapture and credit loss.
WA has executed complex workouts involving note purchases, bankruptcies, loan restructurings, operational turnarounds, compliance issues, partner reorganizations and substitutions, and other recapitalization plans.