Residential property developer
Fund manager lent $10 m for a property redevelopment.
Builder left the site. Redevelopment was incomplete.
Levi worked with the borrower to refinance including liaison with accountant’s quantity surveyor, builder and others.
Borrower provided collateral security over an unrelated trading company. Levi appointed Receiver to realise collateral security.
Fund manager (lender) repaid principal and interest arising from refinance. Collateral security advertised for sale and realised.
- Formal appointment
- Stakeholder negotiation