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Oct 19
2009
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David M. Frank, Court Receivership Unit Is Stabilizing Distressed Properties NationwidePosted by: Danielle Watson Tagged in: Untagged
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Headquartered in Los Angeles, California - Using its “Strike Take-Over Team” and with over 160 affiliated offices nationwide, David M. Frank, Court Appointed Receiver, with over 17 years of experience in the courtroom has recently been appointed as a receiver or management company for lenders to over 30 distressed real estate properties in California, Massachusetts, Oklahoma, Rhode Island, Texas, Washington, Virginia, Nevada, Indiana, Idaho, North Carolina, and Georgia. The Receiver, along with its parent company, The Merrill Group of Companies, is committed to advancing its receivership operations by providing added value to the distressed properties it manages. Mr. Frank, with a client list of over 74 public and institutional clients, has become one of the nation’s foremost experts in receiverships with over 430 appointments nationwide over the last 17 years. He has acted on behalf of the Division of Resolution and Receiverships of the Federal Deposit Insurance Corporation. As the principal as well as the founder of the Company, Mr. Frank has a 24 year history in business, forensic accounting, and commercial real estate. Mr. Frank is a well-seasoned professional, having acted as an expert witness in complex business litigation matters, including fraud issues, tracing of funds, financial data reconstruction, and valuations. Mr. Frank has spoken on receiverships and business restructuring. As a receiver, Mr. Frank has operated hotels, businesses, real estate, and factories involving hundreds of millions of dollars of properties and assets. According to David M. Frank, “We’ve acquired several distressed properties that we have been appointed to by several lending institutions. The tenants are receiving the proper management and will be much better off now that the properties are in receivership.”





