Trigild Appointed Receiver For Eight Projects

Posted by Orb Staff on November 17, 2008 No Comments
Categories : Commercial Mortgage

Trigild, a distressed property management, loan recovery and real estate receivership specialist headquartered in San Diego, has been appointed receiver for eight projects representing more than $125 million in defaulted mortgages.

Trigild's receivership team, which includes law, management, real estate and accounting experts, has been tapped to spearhead two multifamily complexes in Seattle, for a total of 400 units, as well as a 428-unit multifamily project in Phoenix and a 125-unit condo conversion project in Fresno, Calif. Other projects include a 130-unit condo conversion project in Tucson, Ariz., a 100-unit high-rise condominium project under construction in downtown Chicago, a 149-room hotel in Pensacola, Fla., and a residential subdivision in Sacramento, Calif., consisting of seven homes and 71 lots.

Source: Trigild

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