A southeast regional homebuilder with a portfolio of approximately 30+ subdivisions located in Florida, Georgia, North Carolina and South Carolina, consisting of approximately 100 completed or partially constructed homes and over 800 remaining lots.
DWC was tasked to take possession and control of all real and personal property associated with the development.
DWC was engaged as consultant to McCar Homes pursuant to a Forbearance Agreement executed between McCar Homes and the agent lender. DWC’s responsibilities included overseeing cash controls, performing financial and accounting functions, negotiating outstanding past due payables including mechanics’ liens, monitoring the remaining construction of partially completed home and overseeing the disposition of completed homes and remaining lots.
Following foreclosure by the lender, DWC was discharged.
Douglas Wilson Companies
Southeast United States
Douglas Wilson Companies was founded in 1989 to provide a wide range of specialized business, workout, and real estate services to law firms, state and federal courts, corporations, partnerships, pension funds, REITs, financial institutions, and property owners throughout the United States.
1620 Fifth Avenue
San Diego, California 92101