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Research Details

Working at Workouts: Commercial Real Estate Debt in Distress

Abstract

In 2010 Drive Property Solutions, a special servicing firm in Chicago, had partnered with Spiner Capital to win an FDIC auction of distressed debt. Included in that auction was the defaulted mortgage note on Northwinds Community Crossing, a retail strip mall in suburban Savannah, Georgia, which had been in default since November 2009. Sam Schey, an asset manager at Drive, needed to decide how to maximize recoveries from the nonperforming loan.

Type

Case

Author(s)

Craig Furfine

Date Published

07/14/2016

Citations

Furfine, Craig. Working at Workouts: Commercial Real Estate Debt in Distress. Case 5-411-754 (KEL697).

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