San Diego-based Douglas Wilson Cos. (DWC) has formed a small-business division designed to handle a growing number of targeted receiverships of fewer than 100 units or less than 100,000 square feet or $10 million in value.
‘More lenders and attorneys are requesting to narrow the scope of receiverships for smaller assets in order to facilitate a more cost-effective transfer of an asset through the foreclosure and disposition process,’ says DWC President Robert Richley. ‘Clearly these receiverships are a sign of the times, when cost consciousness is essential.’Â
DWC's new division is suited for small operating companies and simple rents and profits real estate receiverships that do not encompass mechanics liens, litigation, construction, entitlements or detailed forensic analysis, the firm says.
SOURCE: Douglas Wilson Cos.