A 240 unit apartment complex located in Colorado Springs, Colorado.
Douglas Wilson Companies (DWC), agent for the Receiver, was tasked with oversight and operation of the multi-family complex.
Throughout the receivership, DWC made significant improvements to the property’s physical and aesthetic condition, maintaining occupancy at 80% throughout the process. DWC also conducted a comprehensive audit of the property’s lease files and implemented cash controls.
Ultimately, DWC preserved the asset, allowing the borrower to cure the loan with the sale of the property.
District Court of El Paso County, Colorado
El Paso County, CO
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