This section provides prospective investors with a general background on The Finch Group and its Affiliates (“TFG”) and information on TFG’s prior pivotal transactions, during the late 1980’s and early 1990’s.
From its inception in 1981, TFG has established an impressive track record by applying its extensive experience in evaluating, developing, rehabilitating, marketing, and managing affordable multi-family residential, mixed-use and high-end properties with an entrepreneurial attitude to implement well thought out business plans, on a property specific basis, that realistically reflect the strengths and weaknesses of each individual situation.
These 10,000 units were a mix of conversion of under-performing multi-family rentals; full rehab of blighted buildings; as well as ground-up new development.
These 10,000 units were a mix of conversion of under-performing multi-family rentals; full rehabilitation of blighted buildings; as well as ground-up new developments. In 1996, when TFG’s condominium division was sold, TFG was the largest operator of condominiums in New England. The cumulative valuation of the properties in which TFG was involved exceeded $1.5 billion.
In the early 1990’s, as a result of the New England Real Estate crisis (after successfully and amicably working through its own financial restructurings, including transferring some properties back to several lenders) and drawing on lessons learned from earlier work on distressed subsidized housing properties, TFG became one of the Northeast’s preeminent problem project workout organizations.