NGA Role
• NGA appointed as receiver over the real estate and operating assets of this company by Clermont County Court of Common Pleas.
Problem
• Distressed restaurant needed to be controlled and sold along with company owned real estate.
NGA Solution
• NGA entered into contract with franchisor to allow them to manage the restaurant operation and lease the underlying real estate.
• NGA worked with secured lender to arrange sale of its note to another franchisee.
Outcome
• Secured lender sold note to a franchisee which took over the operation and real estate from the receivership.
