The China Inn, Inc.
Washington DC based restaurant property, owned by Ocwen Federal FSB of West Palm Beach, FL.
Prior to turning the project over to Equity Partners, the bank utilized its own marketing process and received one offer in writing, after several months.
Equity Partners identified prospects utilizing its marketing process and scheduled 12 site visits resulting in 4 offers.
Negotiations resulted in a closing of at 2.5 x the prior offer.