$2,900,000

Two notes in special assets with the foreclosure clock ticking and a subordinate lender behind them with consent rights. SCG held off the existing senior lender, negotiated a fresh intercreditor agreement with the subordinate lender, and ran point on a new senior loan — part asset manager, part attorney, part capital advisor. A regional bank delivered a 10-year floating-rate refinance in the mid-6s with a friendly prepayment penalty. Foreclosure averted, second position lender satisfied, capital stack rebuilt.