NGA Role
• Court appointed receiver in Common Pleas Court Hamilton County Ohio.
• Obtain a receiver’s sale of this vacant building.
Problem
• Secured creditor foreclosed and wanted a receiver appointed to secure the premises and obtain a receiver’s sale of the property
NGA Solution
• NGA was contacted the day after appointment by a lawyer indicating that his client would like to purchase this building and its parking lot adjacent to this client’s multi-family apartment building.
• NGA obtained brokers’ opinion of value to determine if this client offer was supportable to the court.
Outcome
• This vacant building was sold very quickly after New Growth Advisors was appointed by the Court.
