Case Studies
J.S. Held Acquires Shechter & Everett to Expand Forensic Accounting Capabilities for Family Law Disputes in Florida
Read MoreThe owner of a 48-unit, fully occupied, low-income apartment complex in East Los Angeles defaulted on its mortgage. The special servicer exercised its rights and recommended our experts to serve as the Receiver. At the time of our takeover, the property had been mismanaged and was in poor condition.
Following our experts’ completion of repairs and clearance from Los Angeles City agencies, the Housing Authority of the City of Los Angeles (HACLA) expressed interest in purchasing the note secured by the apartment complex to preserve the property’s affordable housing status. Ultimately, HACLA acquired the note at par, resulting in full repayment to the lender, release of the borrower’s obligations, and preservation of the affordable housing units, which is a mandate from the City’s mayoral office.
As Receiver, our experts helped achieve a 100% recovery for the lender by retaining a new property manager, remediating the property, improving cash flow, and helping coordinate HACLA’s purchase of the note from the lender at par, thereby assuming ownership of the affordable housing complex.
> Receiverships
Federal and state courts, creditors, and legal counsel choose our team to serve as Receiver of distressed businesses and real estate entities. We stabilize operations and cash flow, safeguard business assets, and pursue methods to maximize financial recovery. Our multidisciplinary team applies a wide breadth of restructuring and industry experience as Receiver to take control of companies facing financial, operational, and legal issues.
> Solutions for Distressed Situations
We deliver integrated solutions for distressed and insolvent businesses that maximize recovery, mitigate risk, and restore enterprise value. Our experts are retained to help distressed organizations stabilize operations, protect stakeholder interests, and execute turnaround strategies. We take an operationally-focused approach that looks beyond the balance sheet to minimize further degradation and build a path to sustainable growth.
