Industrial Warehouse

Purchased a non-performing loan with a 111,449 sf industrial warehouse building in Tampa, FL as collateral. The lender was a large national bank which recently notified the borrower of default and preferred not to complete the foreclosure process. Executed the note purchase an expeditious manner, hired local foreclosure/bankruptcy counsel and stepped into the foreclosure proceedings, which was further complicated by internal borrower litigation and ownership trust conflicts. Navigated the foreclosure process and negotiated a favorable outcome.