X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Some note holders who foreclose on broken condo projects are attempting to maximize their recovery by completing the project and either selling the individual units to the public or the entire project in bulk to someone who will then retail the units themselves. This article discusses what is required of the receiver to complete the project and the pros and cons of a bulk sale versus a sale by the note holder of individual units. For purposes of discussion, I am assuming that the building structure is complete, but the interiors of the units are otherwise unfinished.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.