Case Studies
J.S. Held Acquires Clark Seif Clark, Strengthening West Coast Capabilities for Environmental Claims, Disputes, and Catastrophe Response
Read MoreAn insolvent, full-service real estate development operation in the San Francisco Bay Area with $300MM in liabilities and 12 ground-up developments for apartments, condominiums, and mixed-use projects in various stages of the entitlement, land-acquisition, and development process came under the SEC’s scrutiny for securities fraud. Our experts were appointed Receiver.
[SEC v SiliconSagebuilders, LLC, et al.]
As Receiver, we marshaled assets, performed a reconstruction of the capital stack of each project to determine net negative or positive equity, and completed underwriting for pending projects to determine the best exit strategy for each.
Working with lenders, we managed the completion of construction of 93-unit and 96-unit condominium towers and marketed the units for sale. We listed and received pending offers on projects with combined values exceeding $120MM, closed on the sale of a townhome, and lead investor communications.
David Kieffer
Senior Managing Director
Strategic Advisory Practice
+1 213 235 0602
[email protected]
> 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.