client_transactions

SSG Client Transactions

Title

KH Funding Company
Client Profile

Client Profile

KH Funding Company (“KH” or the “Company”) is a mortgage company based in Silver Spring, Maryland that primarily originates, acquires and services loans. The Company’s lending activities were primarily concentrated in Washington D.C. and the surrounding Maryland and Northern Virginia counties.
Situation

Situation

As cash flow deteriorated and KH was unable to service its debt obligations, the Company filed for a Chapter 11 bankruptcy proceeding in December 2010. As part of its Liquidation Plan confirmed by the U. S. Bankruptcy Court for the District of Maryland, the Plan Administrator determined that a sale of KH’s outstanding loan portfolio was the best option for maximizing return to its stakeholders.
Solution

Solution

SSG was retained in March 2014 as the Plan Administrator’s investment banker for the purpose of marketing KH’s loan portfolio for sale and soliciting offers. SSG conducted a comprehensive marketing process which resulted in a wide range of interest from potential investors. Aspen Capital’s offer was ultimately the highest and best price for the Company’s loan portfolio. SSG’s experience in running efficient and timely sales processes enabled key stakeholders to maximize the value of the assets.
August 2014
has sold its loan portfolio
to an affiliate of
The undersigned acted as Investment Banker to
the Plan Administrator of KH Funding Company.

Call to learn more

Call to learn more

If you would like to learn more about this transaction, or any of our transactions, call us today.

Philadelphia
(610) 940-1094

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New York
(212) 786-7432

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