Franklin Consulting Company was retained by a Novi, Michigan investment company to provide financial analysis and loan consulting services for a corporate headquarters office building in Novi, Michigan. Franklin Consulting successfully negotiated a forbearance agreement and five year loan modification with Colony Financial, one of the Nation’s largest hedge fund lenders enabling the property owner to save the property from foreclosure and reposition the property. Franklin Consulting has been retained by numerous developer and investor clients to represent them in commercial loan modifications on properties throughout the United States with CMBS, Life Insurance Companies and National Banks.
Archives for May 2010
Franklin Natural Resources Leases Land Holdings to Chesapeake Energy
Franklin Natural Resources and Franklin Northern Land Company, affiliates of Franklin Property Corporation, leased 400 acres of its northern Michigan land holdings in Emmet and Charlevoix Counties to Chesapeake Energy Company for oil and gas exploration. Chesapeake Energy, a public oil and gas exploration company based in Oklahoma, has substantially increased its land lease holdings in Northern Michigan in competition with other international energy companies vying for land in the market.