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. 

Project Description

DWC was tasked to take possession and control of all real and personal property associated with the development.

Scope of Work

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.

Project Resolution

Following foreclosure by the lender, DWC was discharged.

Project Name

McCar Homes

Client

Douglas Wilson Companies

Location

Southeast United States

Service Provided

    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.

    ADDRESS

    1620 Fifth Avenue
    Suite 400
    San Diego, California 92101

    PHONE

    (619) 641-1141

    EMAIL

    info@douglaswilson.com