Hawaiian Development

[Ramon Pena Alvarado]

I have a client that is in bankruptcy protection (ch. 11) because a lender failed to perform on a $33MM loan.

Project is mixed use right on Ala Wai harbor in Honolulu.

We have secured a $4MM Equity loan but because client is in such a precarious situation lender is charging high points and only giving him 2 months balloon maturity.

Any creative ideas how to protect this client from lender setting him up to fail and taking over this lucrative project?