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First Home Brokerage, LLC |
First Home Brokerage, LLC, a $100 million reseller of distressed middle-income housing in the outer boroughs of New York City, was losing money and in danger of going out of business. The existing lenders brought in GGG to assess the ongoing viability of the business.
After GGG determined that the company could only be saved with a significant infusion of new capital, the lenders and creditors requested that GGG liquidate the company.
Foothill, the secured lender, was paid out in full (including all accrued fees), with some additional monies available to the sub debt lenders.
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