Jay Kelley

Jay Kelley is the CFO of Harrod Properties. He was the managing director of Focus Management Group, a business restructuring firm based in Tampa, with offices in Atlanta, Chicago, Cleveland, Columbus, Dallas, Los Angeles, Philadelphia, and Washington, D.C.

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To protect a developer’s position and perhaps eliminate any remaining personal guarantees, all projects related to a particular lender can be isolated and transferred into a new subsidiary roll-up entity that is still 100 percent owned by the sponsor/guarantor. Read the five opportunities this “silo” approach offers the developer and the silo lender.
Urban Land Contributors