Case Studies

Property Type: Biodiesel Manufacturing/Production Plant
with MANY contracts (private and government) pre-sold awaiting fulfillment after production.

Case: Client first contacted CLR two (2) weeks away from Sheriff Sale.

Client recently purchased biodiesel manufacturing plant. Client needed an additional $1.6 million for equipment and a build out of the plant to start production. The equipment company was paid, never delivered the equipment and went bankrupt, keeping the money paid. Without the equipment, our client could not produce anything and therefore no income. The BANK did not care, and began foreclosure on the property.

Resolution:
During our negotiation process, we uncovered a regulatory issue with the bank. Due to our expertise in contacting and talking with ALL the various regulatory agencies, we were able to get them involved. The President and VP of the bank were immediately fired. The CEO of the bank personally met with our client. Their meeting concluded with a commitment from the BANK CEO to assist in the purchase of NEW equipment, pursue the absconded funds from the original equipment vendor, at NO COST to our client, build-out of the plant, and NO PAYMENTS until the plant is in the production stage.

Status: Success