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January 13, 2010
Distressed real estate represents an enormous opportunity today if you have the capital. With debt more difficult to come by, and where many investors have taken losses, pooling capital is an increasingly attractive option for investors and would-be sponsors/managers alike.
Distressedpro.com produced a Distressed Property Professional’s Podcast Series, in this podcast, they interview Attorney Warren Kirshenbaum about the 6 key components to setting up a successful distressed assets fund. Warren was the lead attorney in assembling and structuring distressed asset funds and creating the equity raise strategies for four separate distressed asset investment funds in 2009. Fully leveraged, the fund size Warren has been working on range from $3 million to $35 million.