Our Story
We align the interests of investors and communities by stabilizing families at risk of foreclosure and restructuring one-sided contracts.
Our Beginning
Our business model started after the Global Financial Crisis (GFC) back in 2007. We started with a state-funded program designed to keep families in their homes following the housing market downturn and recession. The program helped families with substantial negative equity and focused on loan modifications to re-adjust the principal balance and monthly payment on their loans.
The Results
Our state-funded program was a great success. We successfully helped hundreds of families stay in their homes despite initially being underwater.
Our program helped families receive an average principal reduction of $100K and an average payment reduction of $500/month. Our program was the only Hardest Hit Fund Program in the nation that actually made a profit.
Going National
After the success of our state-funded program, we moved our business model nationally by leveraging private capital. Like our previous venture, we targeted low-income, moderate income, and minority communities that were slow to reach full recovery following the Great Recession.
The Results
Our new program was successful in acquiring and modifying on hundreds of notes across the country, thereby assisting hundreds of families.
Led by Principals with over $8 Billion in Real Estate Transactions
DEVELOPMENT
- Completed developments of more than 5 million square feet
- Development portfolio of $2 billion in value
ASSET MANAGEMENT
- Over $8.5 billion as property owners
- Over $500 million as note holders / distressed debt investors
ACQUISITIONS
- More than $2.5 billion of closed Acquisitions
- $3 billion of Dispositions
PUBLIC-PRIVATE
- Greater than $1 billion of Public-Private partnerships and Affordable Housing investments
CAPITAL MARKETS & DISTRESSED DEBT
- Over $2 billion of Debt financings and re-financings
- Over $350 million of loan modifications and new originations
- Over $1 billion of Equity joint-ventures and recapitalizations
- Over $1.5 billion of Equity Fund-level investments