Amalgamated Bank vs. Windbridge, LLC

Action No. CGC-08-483206
Superior Court, County of San Francisco - Judge Paul H. Alvarado
2009: Receiver of a 51-unit condominium conversion project, commercial office to residential condo, and two retail spaces.  The project requires completion which includes:  preparation of a budget for construction in excess of $2.5 million and other professional fees and costs including the architect and engineer; approval of loan funding to the receivership estate; negotiation of a pre-construction and construction agreement with the contractor and completion of agreements with professionals including receivership counsel and DRE counsel.  Additionally the Receiver has oversight of the property which required securing the premises, following up on insurance coverage and engaging a security service.