The continued downturn in real estate values coupled with the constrained lending environment, has changed the nature of real estate investment banking. Over the past 36 months, David B. Norton Inc. has been providing consulting services to assist, owners, developers, investors, and lenders in their efforts to address the rapidly changing real estate market and illiquid credit providers. The firm has been retained to provide investment banking services including analysis and recommendations to their clients in a variety of assignments including:
- Extension and repositioning of existing loans including renewal of interest reserves.
- Negotiation for the acquisition of lenders discounted note positions and/or short payoffs.
- Additional equity placement into distressed assets.
- Work-out of personal and corporate guarantees on distressed properties with existing loans.
- Identify and negotiating the purchase of non-performing assets.
- Creation of Bankruptcy Court Debtor Reorganization Plans in conjunction with client's counsel.
- Create new business plans to for existing and new proposed debt and equity sources.
Examples of projects and properties which David B. Norton Inc has been recently engaged include:
- Luxury Resort Purchase and Restructuring of a $160MM Defaulted Note, Orlando, Florida
- 30 unit, to-be-built luxury apartment complex in Sherman Oaks, California
- 100 unit, to-be-built multifamily high-rise in San Diego, California
- 500 unit student housing development in the United Kingdom
- 24 unit condominium development in Studio City, California
- 400,000 square foot retail center in Miami, Florida
- 39 unit condominium development in Sherman Oaks, California
- Luxury 140 unit apartment townhome complex in Henderson, Nevada
- Land development for 18 single family homes in Sunland, California
- 110 Room extended stay hotel in Los Alamos, New Mexico
- Luxury 30 resort home development in Sun Valley, Idaho
- Development of 10 existing single family homes in Corona, California
- 30 unit condominium conversion in North Hollywood, California
- 400 unit RV and boat storage facility in Perris, California
- 50 unit apartment complex nearing completion in Sherman Oaks, California
- 140,000 square foot office building in Hollywood, Florida Final phases of a luxury golf resort in Bend, Oregon
- 84 unit extended stay branded hotel in San Diego, California
- Land development for 160 single family homes in Hemet, California
- Land development for an entitled senior facility in Van Nuys, California
- Land development for a 100,000 square foot conference and mixed use commercial development in National City, California
- Final phase of a 120,000 square foot multi-tenant industrial building in Perris, California
- 150 unit apartment complex in Moreno Valley, California
- Land development of a twin 17 story tower for hotel and residences in Tempe, Arizona
- 3,000 acre land development in Carpinteria, California
- 400,000 square foot enclosed shopping mall in Holland, Michigan
- 10 luxury residential condominium units operating in a residence