Case Studies
An insolvent, full-service real estate development operation in the San Francisco Bay Area with $300MM in liabilities and 12 ground-up developments for apartments, condominiums, and mixed-use projects in various stages of the entitlement, land-acquisition, and development process came under the SEC’s scrutiny for securities fraud. Our experts were appointed Receiver.
[SEC v SiliconSagebuilders, LLC, et al.]
As Receiver, we marshaled assets, performed a reconstruction of the capital stack of each project to determine net negative or positive equity, and completed underwriting for pending projects to determine the best exit strategy for each.
Working with lenders, we managed the completion of construction of 93-unit and 96-unit condominium towers and marketed the units for sale. We listed and received pending offers on projects with combined values exceeding $120MM, closed on the sale of a townhome, and lead investor communications.
David Kieffer
Senior Managing Director,
Strategic Advisory
+1 213 235 0602
[email protected]
> Fiduciary Services – Receivers, Assignees, Trustees
We deliver unbiased, expert solutions in court-mandated and out-of-court situations that demand a third-party fiduciary, including insolvency, fraud, litigation, and shareholder disputes. Our full-service team of financial and operational experts serve as Federal and State Receiver, Bankruptcy Trustee & Examiner, and Assignee for the Benefit of Creditors (ABC), designing and implementing recovery strategies to maximize the value for all stakeholders.
> Strategic Advisory
From strategy to execution, we help clients overcome complex enterprise challenges and realize long-term, sustainable business value. The solutions we deliver are derived from a combination of technical, scientific, financial, and strategic expertise and unrivaled understanding of both tangible and intangible assets.