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
