KCVCapital(KCV)wasfoundedin2004toassistcommercialrealestateownersincreatingliquidityonpropertiesburdenedbymortgageswithlargedefeasance,orprepayment,penalties.Oftentimesconduitborrowers,especiallyfromthe1999-2001vintage,arelockedoutfromsellingorrefinancingtheirpropertiesduetostiffprepaymentpenalties,whichcanapproach20%oftheunpaidloanbalance.KCVhasassembledapartnernetworkofover200leadinginstitutionalrealestateinvestorsandlendersthatallowsKCVtocreatestructuresthatallowthepropertyownertoachievemaximumliquiditywithoutviolatinganycovenantsontheexistingloan.Thenewcapitalcanbeusedfor:PurchaseordevelopmentofadditionalpropertyBuyoutoflimitedpartnerInvestmentindeferredmaintenanceorleasingcoststostabilizepropertySaleofpropertythroughdebtassumptionKCV’sfounderisaseasonedfinancialservicesexecutivewithoverfourteenyearsofrelevantexperience.)