Receiver for Residential Healthcare Facility
This case study highlights Resolute's role as Receiver for a residential healthcare facility located in north Phoenix, Arizona. Situation The 76,962 square-foot, 4-story commercial structure faced significant financial and operational challenges. Property management was poor, with...
Receiver for Multi-location Assisted Living Facilities
Situation St. Albert and St. Walter are two elderly assisted living facilities providing 24/hour personal care and meals for their occupants, located in Scottsdale and Tempe respectively. The owner took out several loans against both...
Receiver for Government and Civil Construction Contractor
Situation Fortis Networks, Inc. was a general contractor that provided nonresidential construction services for commercial, federal and civil projects. After a period of declining business activity and lawsuits revolving around work performed for the U.S....
Forensic Investigation of 92 Property Portfolio in Bankruptcy
92 property portfolio in bankruptcy consisting of a corporate headquarters, 3 warehouse distribution facilities, 2 retail strip malls, and 86 free standing automotive parts store located in 27 states. Situation Resolute team conducted a comprehensive
Receiver & Property Manager for 1,200+ Apartment Units
C-Class Multi-family communities totaling more than 1,200 apartment units Situation In calendar year 2009 Resolute was appointed as the Receiver and Property Manager on 15 matters involving multifamily communities totaling more than 1,200 apartment units. In...
Pre-Bankruptcy Consultant for Limited Hotel Service Operator
Five property, multi-state, limited hotel service operator. Situation Retained as pre-bankruptcy consultant to analyze operations and financial performance prior to filing for Chapter 11 bankruptcy protection for five-property, multi-state, limited service hotel operator. Properties include: Best...
Receiver to California Self Storage and RV Facility
89,000 square foot property containing some 635 mini-storage rental units, 280 RV/boat/auto/tractor trailer rental spaces. Situation Appointed as Receiver on an $8M+ loan for an 89,000 square feet property containing some 635 mini-storage rental units, 250...
Receiver to $10M Loan for Limited Service Hotel
104 room limited service hotel located in Oro Valley, AZ Situation Appointed as Receiver on a $10M loan for a 104-room limited service hotel located in Oro Valley, AZ outside of Tucson. The property had recently...
Receiver for Power Retail Center
63,000 square foot power retail center in Gilbert, AZ. Situation Appointed as Receiver on a $7.8M loan for a 63,000 square foot power retail center in Gilbert, AZ. Resolute Commercial acted as both the Receiver and...
State Appointed Receiver to $65M Conglomerate Entity
Receiver to $65M conglomerate entity with businesses in numerous industries. Situation In 2006, Spiral, Inc., refinanced their portfolio of investment companies. The $65M debt obligation along with the deteriorating assets caused by the economic recession led...