Federal Regulatory Receivership of Real Estate Investment Fund
Forensic Accounting, Construction Completion
The Bottom Line:
Achieved a recovery for investors in a San Francisco Bay Area real estate investment fund that had made bad loans to unproven, opportunistic developers to buy, renovate and sell real properties.
Actions:
Unraveled tangled web of investor contributions, investments in real properties, and underlying documentation. Pursued aggressive path to complete construction of subdivision and other high-end, single-family spec San Francisco Bay Area. Enforced investors’ loan positions through negotiations and litigation. Achieved recovery for the investors.