Twelve working almond farms located in Northern California.

Project Description

Douglas Wilson Companies (DWC) served as disbursing agent under a loan forbearance agreement. Following default on the loan, DWC executed various receivership services.

Scope of Work

DWC negotiated with and retained third party farm management and custom farming operations to care for, preserve and maintain the farms. DWC completed the rezoning of 372 acres to Industrial Planned Development use.

Project Resolution

Ultimately, DWC liquidated all farmlands and equipment, selling the land at above appraisal values.

Project Name

Morimoto Almond Farms

Client

Superior Court of the State of California, Merced County

Location

Merced, CA

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