Before Business Bankruptcy has managed single tenant and multi-tenant class “A”, “B”, and “C” quality office buildings.
With effective and constant communication to owners and tenants within the associations, MCA limits the liability and tension present when a developer fails to meet their obligations.
Before Business Bankruptcy’s 20 years of receivership experience provides security for lenders as an asset moves through the court process. MCA’s experience includes relationships and familiarity with attorneys and judges working in this domain giving all parties comfort that issues will be resolved effectively and efficiently.
Before Business Bankruptcy has managed real estate assets as a Receiver in Arizona, California, Colorado, Texas, Utah and Nevada among others giving lenders flexibility and consistency when selecting a receiver/property manager. MCA’s receivership, turnaround, and restructuring experience helps reduce legal fees and accelerate resolution of issues for lenders’ benefit.
Westgate
92,000 Sq Ft
Glendale, AZ
Papago Spectrum
160,000 Sq Ft
Tempe, AZ
Glendale Northwest
25,000 Sq Ft
Glendale, AZ
Jamestown
28,000 Sq Ft
Mesa, AZ
Mid-town Medical
28,000 Sq Ft
Phoenix, AZ
Terraca Queen/Warner
16,000 Sq Ft
Mesa, AZ
Northgate
130,000 Sq Ft
Phoenix, AZ
SW Corporate Center
73,000 Sq Ft
Tempe, AZ
Mammoth Arrowhead
74,307 Sq Ft
Glendale, AZ
Dobson Town Place
55,000 Sq Ft
Chandler, AZ
Warner Corporate Center
35,000 Sq Ft
Tempe, AZ
2929 Camelback
60,000 Sq Ft
Phoenix, AZ
Foothills Corporate Center
45,000 Sq Ft
Phoenix, AZ
101 Corporate Center
80,000 Sq Ft
Phoenix, AZ
Pinnacle Peak Corporate Center
110,000 Sq Ft
Phoenix, AZ
Standard Receivership Checklist
Southwest Corporate Center
Southwest Corporate Center is a 73,000 square foot office building in Tempe, AZ. MCA was engaged as receiver and property manager by the secured lender. The three-story building was 60% occupied at appointment with several deferred maintenance issues.
As MCA worked through its standard receivership checklist, we identified some irregularities between the bank statements and balance sheet cash accounts. At request of the lender MCA drilled down into some specific accounts and transactions to discover nearly $150,000 had been diverted from the operating account to the borrower and several vendors.
Before Business Bankruptcy notified the secured lender and worked with counsel to take the necessary steps to have the monies returned to the lender.
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IMPORTANT DISCLAIMERS: Please note that all calls with the company may be recorded or monitored for quality assurance and training purposes. Clients that remain in good standing in the program and settle their debt may realize savings of 57% before program fees, or 27% including program fees, over a period of 24 months. All claims are based on enrolled debts. Not all debts are eligible for enrollment. Not all clients complete our program for various reasons, including their inability to save sufficient funds. Estimates are based on prior results, which vary based on individual circumstances. We do not guarantee that your debts will be lowered by a specific amount or percentage or that you will be debt-free within a certain time frame. We do not assume your debt, make monthly payments to creditors, or provide tax, bankruptcy, accounting, or legal advice, or credit repair services. Not available in all states. Please consult a tax professional to discuss any tax consequences of settlement. Please consult a bankruptcy attorney for more information on bankruptcy. Read and understand all program materials prior to enrollment, including potential adverse impact on credit rating. The Company and its affiliates are not lenders, creditors, or debt collectors. This is not a loan. Testimonials are actual customer experiences and individual opinions and may not be illustrative of all experiences with the Company or its affiliates.
