Project:
Condominium Project

Problem:
JBL Special Assets was appointed by the court as the receiver of a unit Residential Condominium with 30,000 square feet of commercial space. The project was fully funded but less than a handful of units sold and numerous vendors had not been paid in some time.

Solution:
JBL Special Assets dealt with vendors to explain their loss of potential revenue but regained their services to move the project forward. A strong marketing program was put into place to sell the project as a potential upside in a flourishing apartment market versus a condominium market while introducing the potential of individual unit resale as investment to the C.I.C. being in place. The end result was enhanced value to the financial institution.

• Condominium Project
• Dog Daycare
• Operate C-Store

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