Sample Cases
By taking a solutions based approach with lenders, borrowers, and tenants we found success. By working on finding solutions, the lenders Root worked with achieved above average recovery rates and knew they had a partner they could trust. Our clients include local and national banks, private equity funds, trust and estate departments, municipal courts, and non-profits.
Lincoln Park Multi-Family
West Side Portfolio
Root was appointed as the Receiver to manage a portfolio of multi-family properties located throughout Chicago. Root’s fully integrated suite of services enabled the firm to perform necessary renovations to bring the properties into compliance with the CHA in order to begin receiving voucher rental payments. Once the foreclosure was complete Root was hired by the National Bank to handle REO management and to market the REO property for sale. The property was sold and the lender’s recovery was optimal.