A 153 lot terraced mobile home park situated on approximately 17 acres in San Juan Capistrano, California.
Douglas Wilson Companies (DWC), agent for Receiver, was tasked with general management and oversight of repairs and improvements needed to preserve the asset as a result of damage caused by several mud slides. The subsidence affected several spaces on which the mobile homes was located as well as the property’s retaining walls and other amenities.
DWC oversaw the completion of multiple property inspections resulting in numerous repairs and upgrades. Throughout the receivership, DWC resolved several crisis situations including a power outage caused by a faulty generator, as well as a water outage, that required special handling. Additionally, DWC worked diligently to resolve issues and maintain positive contact with residents, who were threatening legal action for various issues at the park. DWC preserved the asset and resolved resident conflicts.
Upon learning that the property note sold to a party affiliated with Capistrano Terrace, DWC relinquished possession of the property.
Superior Court of the State of California, Orange County
San Juan Capistrano, CA
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