Alan Faigin
Managing Director
Alan W. Faigin joined Brincko Group after a 30 year corporate career with Dun & Bradstreet, Topa Equities, and Fremont General Corporation, where he served as the Chief Legal Officer, in addition
to serving as the Chief Executive Officer of its operating subsidiary, Fremont Investment and Loan. In his capacity as Chief Legal Officer, Mr. Faigin was responsible for the disposition of a $6 billion commercial real estate portfolio as well as a $10 billion residential mortgage portfolio. At Fremont General, his responsibilities included the wind up of the insurance operations and all critical litigation and relationships with government regulators. At Topa Equities, he provided legal advice in connection with the management of a commercial real estate portfolio valued in excess of $2 billion.
Some of Mr. Faigin’s recent assignments included OneWest Bank and 3636 Sepulveda. At OneWest Bank he undertook evaluations of a diverse real estate portfolio of commercial projects, and residential
subprime mortgages. He evaluated the business plans of borrowers of crisis loans to establish reasonableness of assumptions, business viability, ability to service the debt and recommend an appropriate course of action. At 3636 Sepulveda, a four-building multi-family complex in West Los Angeles valued in excess of $33 million, Mr. Faigin managed the property until it was successfully sold.
In addition, Mr. Faigin has had responsibility for two major company restructurings and receiverships: Stila Cosmetics and Pacific Title and Art Studio, Inc. At Stila Cosmetics, on behalf of CIT and Wells Fargo, he reviewed the viability of the new business plan and determined that Stila needed to be sold to maximize value for the lenders and other creditors. He initiated a sale process that ended in a successful sale in three months and a full loan pay-off for the lenders. Pacific Title and Arts, the oldest post-production company in the film industry in Hollywood was experiencing significant losses and unable to attract new capital. On behalf of CIT, Mr. Faigin determined that a sale of the company was the best course of action if it could be accomplished in a two month time frame. Due to rapidly changing technology in the industry, prospective buyers did not materialize, resulting in a liquidation of the company and a full pay-off for the lenders and a small recovery for private equity investors.
Mr. Faigin holds a law degree from Loyola Law School and an undergraduate degree in Political Science from the University of California, San Diego. He is a member of the California State Bar.