· Appointed at the request of Fifth Third Bank Special Asset division in Grand Rapids to the
Admiral’s Point Development on Crooked River in Alanson, MI. The project consisted of a 65 slip marina, an upland housing subdivision and an approved PUD condominium development with on-site marina storage buildings. Receivership assignment completed in October 2009.
· Appointed at the request of First Community Bank to Pier 33 project on the Cheboygan River
in Cheboygan, MI. The site consists of approximately 1,600 feet of river frontage, a 74 slip marina, a commercial restaurant and party store, 10 completed and unsold living condominiums, a free standing residential home and development land originally approved for 160 living units. The site has been divided into five manageable condo site units with Unit Five under contract for the construction of a $4.5 million dollar assisted-living facility. Zoning
and site plan split approvals are now in place to move the project forward.
· Appointed at the request of Comerica Bank Special Asset division in Grand Rapids to
Receivership of an unfinished 55 unit waterfront condominium development on East Bay Township’s Grand Traverse Bay in Traverse City, MI. 50% of the units needed completion with issuance of Occupancy Permits. Completed the “must be built” common elements, as well. Secured all necessary approvals to market and pass title to units. Established operating budget for Co-Owners Association and created a functioning Board of Directors, comprised of co-owners. All units, as well as development rights, have been sold and the Receivership duties were completed in September 2009.
· At the request of Comerica Bank Special Assets Division in Detroit, I was asked to consult in
liquidation of a multi-unit condominium in Mackinac City, MI. The project consisted of 74 living units, with approximately 20 unsold units and the development rights for an additional 20 units. The necessary changes were made to the site, allowing the remaining inventory to be sold over a nine to ten week period. This project in sold out and duties completed.