Syndetics cover image
Image from Syndetics

Working at workouts : commercial real estate debt in distress / Craig Furfine.

By: Material type: TextSeries: Publisher: [London] : SAGE, 2016Description: 1 online resource : illustrations (black and white, and colour)Content type:
  • text
  • still image
Media type:
  • computer
Carrier type:
  • online resource
ISBN:
  • 9781473975378 (ebook) :
Subject(s): DDC classification:
  • 333.5068 23
Online resources: In 2010 Drive Property Solutions, a special servicing firm in Chicago had partnered with Spiner Capital to win an FDIC auction of distressed debt. Included in that auction was the defaulted mortgage note on Northwinds Community Crossing, a retail strip mall in suburban Savannah, Georgia, which had been in default since November 2009. Sam Schey, an asset manager at Drive, needed to decide how to maximize recoveries from the nonperforming loan.
No physical items for this record

Originally Published in: Furfine, C. (2011). Working at Workouts: Commercial Real Estate Debt in Distress (case revised 16/10/2012; teaching notes revised 24/11/2014). 5-411-754. Evanston, IL: Kellogg School of Management, Northwestern University.

In 2010 Drive Property Solutions, a special servicing firm in Chicago had partnered with Spiner Capital to win an FDIC auction of distressed debt. Included in that auction was the defaulted mortgage note on Northwinds Community Crossing, a retail strip mall in suburban Savannah, Georgia, which had been in default since November 2009. Sam Schey, an asset manager at Drive, needed to decide how to maximize recoveries from the nonperforming loan.

Description based on online resource; title from home page (viewed on May 3, 2016).

Licensed e-book