Twelve working almond farms located in Northern California.
Douglas Wilson Companies (DWC) served as disbursing agent under a loan forbearance agreement. Following default on the loan, DWC executed various receivership services.
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.
Ultimately, DWC liquidated all farmlands and equipment, selling the land at above appraisal values.
Morimoto Almond Farms
Superior Court of the State of California, Merced County
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