The Company

Waverly Gardens and Glen

Independent living and assisted living community in Memphis.

The Challenge

Low occupancy caused this independent and assisted living company to negotiate a forbearance agreement from their bank to forestall foreclosure.

The Process

Equity Partners launched an exhaustive marketing process, seeking refinancing,  joint venture partners, or a sale of the business.

The Solution

Equity Partners secured a Letter of Intent and persuaded four other companies to compete for the community.  We brokered a deal with the secured creditors whereby the community would be sold and the owner would share in the proceeds, despite the fact that they were at high risk for not recovering their full investment.