An apartment community of 90 units was overburdened with $5 million in securitized first mortgage debt.  Goedecke & Co. instigated the transfer of the loan from the master servicer to the special servicer, achieved a commitment for a $2.050 million discounted payoff (DPO) and facilitated the arrangement of $2.200 million in new financing to pay off the original loan at a 60% discount.

A retail property owned by European pension investors suffered from an effective constant of nearly 10.7%, given that its remaining $16.9 loan balance was scheduled to self-liquidate over the 14 year remaining loan term.  Goedecke & Co was able to negotiate from the life company lender a 1% ($169,000) payoff in lieu of the $3.2 million in contractual yield maintenance penalty, thus reclaiming vital cash flow for the owners, who were not interested in leverage at the property level.

A Midwestern industrial portfolio of 1.9 million sq.ft. was in receivership.  A buyer had negotiated a purchase of the properties and seller financing from the special servicer in the amount of $32 million but had only $4 million of the $7 million in equity cash needed to recapitalize the assets.  Goedecke arranged the investment of the necessary $3.0 million from its investor clients.

A country club in Connecticut had an interest-only, $4.4 million B note that was scheduled to amortize over just 24 months, beginning in 2010.  Goedecke & Co. negotiated a new loan term to amortize coterminous with the remaining eight year term of the A note, in return for a new market interest rate but with manageable debt service over the new term rather than the previous constant of more than 50%.