As State Court Receiver of vacant single-user retail buildings in Long Beach, California, successfully sold property above list price by: Working with City to clear all code violations and liens. Filing all required motions to seek and attaining court approval for the sale, free and clear of liens. Working with U.S. Attorney to clear federal […]
As State Court Receiver of a non-performing national brand hotel property with asbestos located in Sacramento, we successfully achieved a loan recovery for the lender. The Receivership Sale eliminated any future environmental liability risk for the lender that could have resulted from a foreclosure. Our key actions leading to operating improvements and a successful sale […]
Stapleton Group determined a 75-year old family-owned business could not survive until its clients recovered, but would have value to a strategic buyer. The company’s owners agreed with our conclusion and the business was sold, generating sufficient proceeds to pay the bank in full as well as provide an equity return to the owners.
A family estate was sued by a business partner regarding disputed ownership of assets. As family’s representative, managed the discovery process. Collaborated with attorneys to resolve the matter and achieve a settlement, managing all of documents. Relieved family of litigation burden.
Represented creditor to bankrupt fast food chain restaurants operating in multiple California cities. Key actions leading to successful sale of property above list price included: Maximized rent collection. Negotiated with chain’s corporate office to maximize lease term and value. Maximized sale price by finding and hiring best-in-class agent who procured multiple offers.
Stapleton quickly facilitated a 70% recovery for a bank after its borrower, an auto dealership in Northern California, defaulted on its floorplan loan. Recovery was complicated by a convoluted process of receivership and bankruptcy filings, during which time the assets (new vehicles) continued to depreciate.
Represented creditor to retail pads occupied by credit tenants in multiple California cities. Key actions leading to successful sale of property above list price included: Maximized rent collection. Interacted extensively with national tenants to maintain leases, negotiating lease extensions when required. Maximized sale price by improving rent roll and finding and hiring best-in-class agent who […]
The bank didn’t want to foreclose on a property with environmental liabilities. Stapleton resolved the issues while operating the income property then sold it, achieving 100% recovery for the bank.
After a complaint was filed by the Securities & Exchange Commission (SEC) against an investment fund alleging securities fraud and orchestration of a Ponzi scheme by the key principals of the investment manager, Stapleton located, managed and sold assets to achieve a recovery for the investors. Our process involved an elaborate forensic accounting of the sources and uses of investor contributions. Our conclusions aided the SEC in securing a Motion for Summary Judgment against the defendant and individuals involved with orchestrating the Ponzi scheme.
In a situation that could have been a complete write-off, recovered approximately $3 million for the lender by restructuring an onerous government liability from $17 million to less than $1 million, transitioning the shuttered business to a going concern and selling it to a strategic buyer.
Private investors loaned $35MM to a landlord for real estate investments, then the landlord defaulted. Stapleton overcame contentious litigation to unwind the $75MM empire, recovering 67% for investors.
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