SITUATION The lender, a New York City based private equity fund, entered a motion to appoint a Receiver to preserve the asset value of a 22-story masonry 359-room hotel constructed in 1927 located in the…
MAYFAIR OFFICE CASE
SITUATION A major special loan servicer, Midland Loan Services, entered the motion to appoint a Receiver to preserve the asset value of a Class B Office Building in suburban Milwaukee. The borrower lacked the funds…
SHORELINE CONDOMINIUM
SITUATION The City of Chicago entered a motion to appoint a Receiver to prepare a feasibility study of a 49-unit, high-rise residential condominium. The HOA was under pressure by the City of Chicago Department of…
LINCOLN MALL CASE
SITUATION The Village of Matteson, IL entered the motion to appoint a Receiver to protect the public and preserve the value of the Lincoln Mall, a partially demolished regional mall in south suburban Chicago. In…
Latest News
- Illinois is the 12th most expensive state in which to start a business, report finds June 2, 2023A recent study analyzed labor costs, worker availability, corporate tax rates, cost of space and utilities, as well the health of the business environment in each state across the nation.
- Meet Cue the Curves, the winner of Northwestern's student startup competition June 2, 2023Set to graduate next week and now armed with $160,000 in prize money, Charlotte Oxnam is ready to pursue her passion full-time.
- Chicago-area chambers of commerce want bold steps to ignite state’s economic potential June 2, 2023More economic development programs and grants are one way to recruit more businesses to Illinois, says heads of chambers of commerce.
- Illinois Chamber of Commerce President Todd Maisch dies at age 57 June 1, 2023He died on Thursday.
- Chicago tech pilot programs get $1M boost from Tech Equity Working Group June 1, 2023The funding aims to help scale five local pilot programs in a bid to, in part, help increase diversity in entrepreneurship in Chicago.
Latest Cases
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OPPORTUNITY ASSESSMENT
Conduct local market overview Provide competitive property overview Review third-party reports Review and confirm existing zoning and entitlements Review and confirm existing incentives such as TIF, Historic Tax Credits, Enterprise Zone, New Market Tax Credit,…
PROPERTY STABILIZATION
Inspect Property Secure site and building access Reconnect utilities – electric, gas, phone Test and monitor mechanical systems Review and maintain existing property covenants if applicable Obtain casualty insurance Assemble property file Contact tenant(s) and…
ASSET MANAGEMENT
Establish operating budget Maintain accounts payable and accounts receivable Obtain third party reports including: title, legal, building condition, appraisal, market studies, etc. Maximize and maintain occupancy if applicable Appeal real estate tax assessment Supervise required…
KEY PEOPLE
Mr. Suzuki is the President of Collateral Trustee, Inc. and has over 30 years of experience serving financial institutions, including banks, private equity firms, insurance companies, court appointed trustees and governmental agencies.
Ms. Neill has over 15 years experience as an asset manager and financial analyst of real estate for private equity firms and community banks. Her area of focus included commercial and multifamily properties located in the greater Chicago Metro and Upper Midwest. Prior employers include Ravinia Capital Group, Comprehensive Management Services, Inc., Great Banc Trust Company and University Bank. Ms. Neill holds a Bachelor of Arts Degree from Loras College in Dubuque, Iowa. She is an active sailor and member of the Chicago Yacht Club and is a Board Member for Judd Goldman Adaptive Sailing.
