Steven A. Kirschenbaum of Madison Advisory Group Advises on $100+ Million Multi-Creditor Debt-Restru

NEW YORK - Dec. 2, 2013 - PRLog -- Steven A. Kirschenbaum, of Madison Advisory Group LLC, acted as advisor to a private real estate investor to restructure $100+ million of debt obligations with a 16 creditor group (including major banks and private equity funds) in a non-bankruptcy, court approved payment plan to repay all principal and a substantial majority of the accrued interest owing.

According to Steven A. Kirschenbaum, who directed the debt restructuring advisory assignment, “The agreement by the lender group with the investor, to restructure the investor’s debt was the result of a detailed and laborious process with a disparate group of lender’s that, to their credit, saw the value in their borrower’s portfolio of assets, and agreed to extend the time of repayment over a period of years. The lender group came together and agreed to a repayment plan that, in the end, will benefit all of them, and allow the investor to get back to business.”

Madison Advisory Group LLC, founded in 2006, is a New York City-based commercial real estate advisory firm.  Steven A. Kirschenbaum works with private owners and investors to acquire, finance, and develop real estate investments, principally in the New York City area.

About Steven A. Kirschenbaum:
Steven A. Kirschenbaum serves as an advisor to real estate owners for the past 25 years in all aspects of the acquisition, development, construction, management, leasing and sales of multi-family residential properties. Steven A. Kirschenbaum received a law degree from the University of Toledo of Law and Brooklyn Law School and an undergraduate degree from the School of Management (now known as the Whitman School of Management) at Syracuse University.
Learn more about Steven A. Kirschenbaum at http://www.stevenkirschenbaum.com