PROJECT UPDATE – January 2017
CRE Finance World
David Wallace, General Counsel, Trigild
January 9, 2017
Sometimes it is necessary to take unique or atypical measures to collect a debt.
Our industry has recently seen a number of cases – involving both lenders with money judgments as a result of foreclosure litigation as well as property owners with judgments against former tenants or other parties – in which creditors request help collecting on those judgments.
An emerging option such creditors can use to assist in collection of their judgments is that of a post-judgment receiver, which is available in many – but not all – states. Read More
Trigild Lender Conference Sponsorship Opportunities and Call for Topics
Put your name directly in front of the country’s foremost lending, finance and commercial real estate industry leaders at Trigild’s Annual Lender Conferences.
Each year, this marquee event features a high profile keynote speaker, as well as respected panelists exploring hot button issues in the commercial real estate, finance and lending markets. As a sponsor of the Trigild Lender Conferences, you receive premier exposure with a hard-to-reach and influential group — among them commercial lenders, special servicers, bondholders, hedge funds, private equities, distressed note buyers, portfolio buyers, legal counsel, and others who deal with distressed commercial loans.
We would love to hear what topics would be of interest to you for the Trigild Spring Conference 2017. As a reminder, the conference is aimed at professionals who deal with nonperforming loans. Our goal is to provide up-to-the-minute information about dealing with them, and to address the following questions: How many? Where? What type of asset? What has happened or may happen that will impact them? What are the best practices in dealing with them?
Los Angeles Office Building
Trigild was appointed Receiver over a 126,000 sf office building in Los Angeles, California. The Property had a hostile debtor with a litigious history, occupying a significant portion of the building. This defendant also controlled the parking through a long term lease with an affiliated entity, which effectively siphoned the income off site. In addition, the lease documents and accounting were substantially below industry standard.
Trigild’s Most Recent Projects
- Property Management for a self-storage facility in Bloomfield, CT
- Receiver for nursing facility in Monroe, MI
- Receiver for nursing facility in Saginaw, MI
- Receiver for nursing facility in Adrian, MI
- Receiver for nursing facility in Hastings, MI
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