The Promote Podcast Bad Boy Carveouts & Skyscraper Ransoms
Mar 9, 2025
Dive into the intriguing world of commercial real estate as Bad Boy Guarantees reshape borrowing dynamics. Discover the high-stakes skirmish around Manhattan's skyscrapers, where titans clash for dominance. Delve into PIMCO's turbulent journey as it grapples with a tarnished reputation in private credit. Explore the pressures lenders impose on borrowers, and the evolving tactics to reclaim assets. Lastly, uncover how branding and 'aura' play vital roles in investment decisions, shaping perceptions and securing trust in a competitive landscape.
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Stricter Lending Practices
- Lenders are scrutinizing loan documents more closely in challenging market conditions.
- They are using any excuse to remove undesirable loans from their books, even if borrowers are current on payments.
GVA Case
- Benefit Street Partners pursued Allen Stalcup for $285 million due to alleged bad boy guarantee violations.
- One allegation involved Stalcup failing to report a fire at a property for 18 months.
Transparency with Lenders
- Be transparent with your lender, especially when unexpected events impact your property.
- Showing a clear path forward can help you gain their support and avoid disputes.
