DALLAS-Tonti Properties and KodiakCapital Partners LLC have joined forces to formNew Start Capital LLC. The new company was createdto provide solutions to tenant-in-common ownership groups that facerefinancing or foreclosure of their performing or non-performingproperties.

As more and more TIC-owned properties approach loan maturitydates, they face two significant roadblocks: first, most lendersrefuse to refinance a TIC investment under its current fractionalownership structure; and second, many of these investments, as aresult of the economic downturn, are worth less today than theiroriginal loan amount and face foreclosure unless TIC investors canmake additional cash contributions to cover the value gap.

The solutions that New Start Capital provides include: freshcapital to bridge the financing gap, as well as asset managementexpertise and intensive property management services. The companyalso advises TIC investors of the necessary steps needed topreserve some of their equity.