Appointed Receiver for 792 acres of a larger 3,200-acre master planned community. This underlying debt obligation was a complicated loan structure where the loan was originally made to a hard money lender who then defaulted to a failed bank that was then sold to another acquiring bank and finally the ultimate borrower of the hard money lender was in default on his payment. We were asked to steward the property through an ongoing entitlement process with neighboring land owner to protect the property’s interests & preserve all rights and value.

Appointed Receiver for 94,000 square foot retail strip center anchored by Safeway Grocery and Ace Hardware. The retail strip center was riddled with settlement problems. A sink hole developed under the property and caused issues in plumbing, door alignments, and slanted floors. We were hired to navigate the process to restore structural integrity and ease tenants through associated challenges.

Appointed Receiver for $11.5M loan of a unique 23,000 square foot mix use retail center. There was a discrepancy in the declared size of the space that was able to be physically occupied compared to what the Lender believe they had as collateral. The ramifications of this were profound as it affected taxes, leasable area, community association fees, and CAM charges.

Appointed Receiver for a Class A broken condo conversion development. The collateral consisted of 113 one and two bedrooms for rent apartments intertwined throughout the 42 garden style buildings on the property with another two hundred and ninety five 295 units having already been sold to individual residents.