Entertainment Center

Tax Relief

 Our client owned a unique entertainment venue that, due to construction defect litigation with the city, had been in bankruptcy for five years. The matter was further complicated by collusion between his bank and his primary tenant. After nine months of searching for a new lender, NEF was contacted and given 5-days to procure funding and close the deal. NEF secured $5,000,000 to purchase our client’s note at a $3.500,000 discount that enabled our client to settle the collusion matter and have the city repair the construction defects. Additional benefits allowed our client to sign a new lease with his primary tenant, which included revenue sharing.