JDI Realty, LLC

Description

A Two-week Window Client : A New York-based investor Transaction: Acquisition of a two building, 93,000 square foot, class A office complex in Dublin, Ohio. Challenge: With less than two weeks until closing, an institutional lender informed our client that its investment committee had turned down the loan. Opportunity: JDI was able to move quickly-within two days we quoted loan terms, visited the property, met with the investor and conducted other standard due diligence investigations. Action: Two weeks from the initial contact, JDI funded a $7,000,000 first mortgage loan, allowing our client to acquire this class A project.

JDI spends a great deal of time sourcing unconventional opportunities. A short time frame, a property idiosyncrasy, a legal or financial problem for an otherwise sound developer are insurmountable obstacles to many lenders or potential joint venture partners. Because of our experience as acquirers of property, we can evaluate the deals based on the potential of the property. We exercise independent judgment, look for value, and are fully committed to a successful project. The stories below illustrate the way in which JDI combines investment and financing expertise to get deals done for our clients. Reorganization Under Pressure Client: A hotel owner/operator Transaction: Foreclosure and reorganization of a 150-room hotel in Ontario, California Challenge: Our client filed for Chapter 11 bankruptcy protection after its lender had initiated foreclosure proceedings. JDI was able to structure a transaction that satisfied the lender and other creditors, allowing the client to successfully emerge from bankruptcy. Opportunity: The foreclosing lender offered the owner a discounted payoff, provided the transaction closed within 30 days and prior to the end of a fiscal quarter.

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