As CRO, Stapleton Group achieved a full recovery for Modern Times Beer’s secured lenders and helped save more than 160 jobs by auctioning the business as a going concern for $20 million, just one week before the lenders were planning to liquidate for $1.5 to $2.0 million.
Stapleton optimized the value of a bank-owned dairy farm operating as a feed lot and sold it in a competitive process. We maximized the bank’s recovery by negotiating a new lease with the current tenant prior to selling the property.
Stapleton achieved the lender’s targeted return of capital on its loan to a foreclosed vineyard suffering from severe capital constraints.
Stapleton Group helped achieve the 100% recovery of a bank’s $33.5 million loan to an insolvent national food wholesaler that had entered an ABC.