Case Studies
J.S. Held Acquires Shechter & Everett to Expand Forensic Accounting Capabilities for Family Law Disputes in Florida
Read MoreA real estate fund founded by an inexperienced manager made bad loans to unproven, opportunistic developers to buy, renovate, and flip single-family homes. The fund’s CEO had been fired without a successor, leaving groups of investors pressing conflicting agendas. The properties in which the fund had invested carried first, second, third, and fourth position loans from multiple investors and/or individual investors and investment funds, making it difficult to achieve consensus among deed of trust holders to sell a house or remove a lien from a loan to recoup the investors’ capital.
The court appointed our team as receiver after several of the involved investment funds and investors sought an experienced fiduciary to clarify fund accounting and deed positions; negotiate with borrowers, developers, and lienholders; and, ultimately, lead the sale and short sale of properties.
Our experts successfully unraveled a tangled web of investor contributions, investments in real properties, and underlying documentation. We pursued an aggressive path to complete the construction of a 9-home subdivision in the San Francisco Bay Area and enforce investors’ loan positions through negotiations and litigation, resulting in a recovery for the investors.
Obstacles & Our Solutions
> 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.
