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…
1600 N MILWAUKEE CASE
SITUATION A failing local bank, Amcore Bank, NA, filed a motion to appoint a Receiver to preserve the asset value of a 12-story historic office building located in the Bucktown neighborhood of Chicago. The asset…
ERIE PLAYCE CASE
SITUATION A failing local bank, Amcore Bank, NA, entered a motion to appoint a Receiver for the purpose of preserving the asset value of a 6-story, brick and timber loft office building in the River…
RENAISSANCE ESTATES
SITUATION A major regional bank, Fifth Third Bank, entered a motion to appoint a Receiver to preserve the asset value of a partially completed townhouse development in the City of Chicago. The borrower/developer was out…