Feb. 8, 2007 - William J. Hoffman has been appointed receiver for an incomplete condominium conversion project in the City of San Diego. Trigild will manage the property and in a joint venture with Burnham Real Estate, construction on the project will be completed in preparation for sale.
“We are pleased to make this our inaugural venture with Burnham,” states receiver and Trigild president, Hoffman, “We also foresee that this may be one of several such projects, given the surplus of unfinished real estate construction.”
“A few years ago we made a strategic decision that Trigild would focus solely on maximizing defaulted loan recovery for the financial community,” states Bill Hoffman, Trigild president. “These associations allow us to be a one-stop-shop for lenders and servicers of all types of assets. That means uninterrupted communication between Trigild as Receiver and operations, unparalleled combined expertise, no duplication of fees, and the highest loan recovery. ”
Hoffman and Trigild have experience bringing operating businesses into the black to sell them for the highest price possible, often during receivership. Burnham Real Estate brings its expertise at construction management and brokerage services to the table to fulfill all the needs of the project.
Trigild is the nationally recognized specialist in non-performing loans. The company has managed hundred of properties and operating businesses nationwide for over 30 years. Property types include restaurants, hotels, restaurants, convenience stores, gas stations, marinas, golf courses, a water park, and now, condominium conversions.