Tallus - Mammoth Lakes, California


CF Capital Partners, Inc. was engaged to assist in the final resolution of $30 million of bank debt that became a bank REO through foreclosure. The original bank debt was a revolving credit facility for 11 acre site where 114 fractional units were being constructed in 19 luxury homes. At the time of the foreclosure only 9 homes had been started and only 4 had been completed for occupancy.

CF Capital Partners, Inc. performs asset management services in an effort to stabilize the project. The stabilization process includes the coordination of construction bids for completion of the project, working with contractors to protect unfinished units, instituting a rental program for the unsold units and working with the homeowners association. CF Capital Partners, Inc. prepared a business plan for the completion of the project.