PPA HOLDINGS, LLC A/K/A PACIFIC PROPERTY ASSETS

Industry

Real Estate | Multi-Family Properties

DSI'S Role

Financial Advisor to Debtors

Services Provided

  • Business Plan Analysis
  • Debtor Advisory

PPA HOLDINGS, LLC A/K/A PACIFIC PROPERTY ASSETS

Case Highlights

  • Prepared cash flow models under various reorganization scenarios
  • Performed analysis of creditor constituencies, forms of investment and use of invested funds

Case Narrative

DSI was retained as Financial Advisor by PPA Holdings, LLC and 21 related entities prior to their Chapter 11 filing.  The debtor companies owned, developed, rehabilitated, and managed approximately 50 multi-family properties, ranging from eight to 348 units, in California and Arizona, which generated consolidated revenues in excess of $1.3 million per month.  The debtor had numerous lenders on the various properties (upwards of 11 separate secured lenders), as well as thousands of investors in the various projects and investment funds. In this engagement, DSI oversaw preparation of the property-by-property budgets, the budget-to-actual results since the inception of the case and the impact of property operations on cash collateral issues with the numerous lenders, and worked with corporate accounting staff on the preparation of monthly operating reports.