Commercial Real Estate
Combined with a breakdown in global capital markets, the most recent economic recession created significant challenges for commercial real estate owners and operators. Values have plummeted, liquidity has disappeared and many real estate owners are facing debt maturities in a capital starved environment.
Odyssey has been instrumental in advising clients on the challenges presented by the current market downturn. As a seasoned financial advisor with a national platform, Odyssey has successfully restructured more than $4 billion of commercial real estate debt involving more than 60 lending institutions within the last 24 months. Odyssey's real estate expertise encompasses all four major types of real estate - office, retail, industrial and multifamily. The firm's diverse client base includes private equity funds, developers, operating companies and asset managers.
Odyssey's approach is different from most of its competitors because the firm works exclusively on behalf of debtors thus avoiding any conflicts with financial institutions. This allows Odyssey's professionals to freely and aggressively represent clients in negotiations with all lenders.
Odyssey has worked across the table from many of U.S. money-center banks as well as numerous regional and local banks. Members of Odyssey's team have testified in numerous bankruptcy courts involving interest rates, feasibility, liquidation analysis and valuation. Additionally, one of Odyssey's principals is currently serving as a Chapter 11 Trustee in a $1 billion commercial mortgage fraud case.