Receivership and Property Management

A Position of Trust

We Protect Assets

A Receiver is a temporarily-appointed, disinterested 3rd party “fiduciary” who helps a business or person preserve assets and property while litigation is ongoing. A Receiver is the agent of the court and is appointed by the judge (usually at the request of one of the parties.) The Receiver’s responsibility is to ensure that property is protected or the business operates without interference or influence from the lawsuit parties. The Receiver reports directly to the judge handling the case and enforces the judge’s orders in the case.

Additionally, Receivers often provide Property Management services, ensuring that properties in or out of litigation are maintained, rented, or managed effectively to preserve their value and generate income, if applicable.

We Roll Up Our Sleeves

Our careers started in design build construction before moving into the world of finance. We know how to find value where others cannot. We have the relationships with lenders, city and county officials, specialists, and contractors.

Shōkunin can tackle typical property management and non-performing financial obligations through Rents & Profits Receivership assignments and restore deteriorating property assets through the Health & Safety Code and the California Code of Civil Procedure § 564 receivership.

Assignments can include “packrat” and hoarder properties, disabled owners/occupants unable to comply with abatement orders, police and fire referrals, forced tenant and/or owner relocation, illegal construction or occupation, multi-unit/apartment complex cases, fire damaged properties, slumlord/deceased owner and/or trust owned properties, bank owned/abandoned properties and many more.

Service Capacity

We can:

Right-size the capital stack / project funding
Coordinate clean-up, restoration, and project completion
Hire and oversee all court approved vendors including architects and general contractors
Maintain high communication with the courts, city/county building and safety officialsFacilitate the sale or auction of the property, when required.

Our shortlist of “go-to” vendor relationships include

Accounting / Operations – General, Reserve Studies, Tax, Insurance
General Contractors / Project Managers / Building Inspectors
Cleaning and Maintenance – Basic janitorial to major clean-up
Construction Management – Project completion, Tenant Improvements, Repairs, and Temporary Site Services
Property Management – General and Major Repairs – Asbestos, Appliance, Asphalt, Cabinetry, Carpentry, Carpet & Tile, Countertops, Concrete, Electrical, Elevator, Exercise Equipment, Fire/Life Safety, Floors, Garbage Chute/Disposal, Generators, Glass/Mirror, HVAC, Kitchen/Bath, Landscaping, Laundry Equipment, Leak Detection, Paint, Pest Control, Plumbing, Pump Repair, Roofing, Seal Coating, Septic Tank, Sewer, Signage, Telephone/Cable/Internet, Temporary Staff, Towing, Welding, Windows/Doors
Security – Fence/Wrought Iron, Automatic Gates, Locksmiths, CCTV, Private Security Guard
Fire and Life Safety – Fire Alarm, Sprinkler, Standpipe, Extinguisher

Recent Feedback

I bought a run-down hotel to redevelop into a boutique hotel and banquet hall with retail food/beverage service as an owner-user. We had a good bridge loan from a private investor and I didn’t want to refinance. Marcelo was able to use CPACE to help us get reimbursed for items we didn’t know were already eligible for the CPACE program. Not only did I not need to provide a personal guaranty, I don’t have to make my first payment for another 24 months.

Developer, Los Angeles, CA

My manufacturing business was in bankruptcy after I had a dispute with the seller who carried the note. We were at our wits’ end to find a solution to pay them off so I could exit bankruptcy and keep the business. Not only did Marcelo find us a solution to pay them off and keep the business AND the property, he’s putting us into a federal USDA and SBA products for our long-term benefit before the bridge loan expires.

Business Owner, Oregon and California

We needed a line of credit for our liquor manufacturing and distribution business. Everything out there seemed very expensive. Marcelo showed us capital products we didn’t even know existed to save us money and help us grow long-term at a reasonable cost. He also has been introducing us to new clients and vendors. The man knows everybody!

Business Owner, Mexico and California

I own five food and beverage franchise locations. Our headquarters needed a refinance out of a hard money situation. The capital structure was complex, but Marcelo figured out a solid SBA 504 solution that will allow us to exit the hard money loan and prepare for the renovation of another property we own as well. He is also helping us with expansion capital for our next three locations without requiring a personal guarantee!

Franchise Restaurant Owner, Dallas, TX

We bought a company in distress that had lost all credit options with its vendors. While we began to rebuild the company, Marcelo found capital to ensure we had enough cash flow to get to the next level instead of having to pre-pay for inventory and supplies as our client base and orders grew. He has also laid out a capital access plan for us as we hit certain revenue and income milestones to ensure we are successful with our investment.

Private Equity Investor, Miami, FL

My small construction development had run into trouble after a dispute with the general contractor. With foreclosure looming, Marcelo was able to synthesize everything to get the project past the finish line. His high level of communication and professionalism with the lender has bought us some time while we press forward and find a solution to finish the project.

Real Estate Developer, San Gabriel, CA

Receivership and Property Management - Shokunin