- Kearny has $4.4 billion in experience as a real estate operator and developer and $2.2 billion experience in acquiring, managing and creating value with non/sub-performing loans. Kearny is very versatile and unique given both our operating/development and work-out experience.
*Additionally in 1997 J Dritley was lead for MSREF in buying and working out $300mm
non-performing loan on Playa Vista.- Acquisition Criteria
- $5mm+ loans and portfolios on commercial properties, including land, in California (whole loans, mezzanine loans, participations, defaulted CFD's and "stalking horse" BK bids)
- $20mm+ loans on commercial properties in Western United States
- $50mm+ portfolios with concentration on West Coast
- Joint Venture - Kearny will also acquire portions of loans/portfolios and manage and own them in a joint venture structure with the seller.
- Third Party Services - Providing receivership for non-performing loans, asset and/or property management services for bank REO.
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