THE CHALLENGE:
In the middle of The Great Recession, acquire the 1st mortgage of this distressed asset located in Naples, Florida, lease the vacant space, correct the deferred maintenance, resolve code violations, settle pending litigation and obtain new permanent debt.
THE SOLUTION:
Take an aggressive and “hands on” approach. On site and face to face contact with all the tenants, property manager, sub contractors, leasing agent and lawyers brought this property safely through “The Great Recession”.
“Kevin took a very trouble asset, turned it around and made it a complete winner for the Tobin Family Land Trust.” Andrew Devito, Morgan Stanley, Financial Advisor to the Tobin Family Land Trust