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Force 10 Partners

An advisory firm specializing in corporate restructuring, challenged businesses, litigation, and other special situations.

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Engagement

Friendly Village MHP

Sale of Mobile Home Community

182 space mobile home park in Long Beach that filed bankruptcy due to tenant litigation for failure to maintain and negligence.

Industries

  • Real Estate

Expertise

  • Capital
  • Chief Restructuring Officer
  • Corporate Restructuring
  • Debtor Financial Advisor
  • Investment Banking
  • Sell Side
  • Turnaround & Crisis Management
  • Valuation and Opinion Services

From the newsroom

  • Force 10 Partners Secures $11m Buyer For Friendly Village Mobile Home Park

Force 10 served as court-appointed financial advisors to secure a stalking horse bid and purchaser of the Friendly Village Mobile Home Park, resulting in an $11 million sale. Force 10 managed a complex due diligence process and communicated with more than 200 potential bidders.

A global settlement with the tenants of over $50 million was reached after a jury awarded $39.5 million to an initial group of 30 litigants a year ago. As part of the agreement, residents in the mobile home park also shared in a portion of the proceeds from the sale of the park. Force 10 marketed the severely neglected park, facilitated extremely complex due diligence involving numerous soils, geologic and structural consultants. After a first stalking horse bidder broke its commitment, our efforts culminated in a Section 363 sale for $11 million during the initial confusion of the COVID-19 pandemic. The buyer also committed to significant property improvements of approximately $15 million. Force 10’s stabilized valuation of approximately $27 million was confirmed by the sale price.

Team members

Adam Meislik

Adam Meislik

Mike VanderLey

Michael VanderLey

Force 10

Track Record

XS Ranch: Chapter 11 Plan of Reorganization

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Aletheia: Provided expert opinions to support adversary proceedings

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Renaissance Surgical Arts at Newport Harbor: Chapter 11 and Chapter 7

Read more »
View more »

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The Force 10 team pulled off an impressive recovery against incredible odds.
Michael Mercier
TradeGlobal

Let’s discuss your situation

Contact us for an objective, candid assessment of your situation and a conversation about how our expertise and track record of success could address your needs.

Contact Us

Force 10 Partners
Force 10 Partners
5271 California Ave., Suite 270
Irvine, CA 92617
949 357 2360
contact@force10partners.com
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