DISTRESSED DEBT

From the beginning the co-founders of SIG were acquirers of distressed debt secured by commercial properties (and not residences) by being the most aggressive bidders. By going after otherwise attractive properties that were suffering from financial or managerial distress, they have been able to acquire properties that otherwise might not have been been available at all.

SIG has dealt with virtually every borrower defense: bankruptcy, receivership, order to show cause, and counterclaims. On one particular occasion involving tax sale certificates, SIG was pressed to stand up for its rights by not allowing a municipality to prime it’s liens without notice and years too late.

Not every situation is adversarial, of course. Debt resolutions can often be accomplished with favorable tax characteristics for the borrower.