Force 10 Partners announces the sale of an illiquid real-estate-backed note for Trustee, Jeffrey I. Golden, in his capacity as bankruptcy trustee.
With an original face value of $850,000, the note was too small to gain wide attention from traditional direct buyers or find liquidity through debt capital markets exchanges. Nonetheless, Force 10 did solicit and receive bids. Ultimately, Force 10 determined a sale to the borrower was in the best interest of the bankruptcy estate and negotiated the price to 90% of face value. The sale was completed under Section 363 of the U.S. Bankruptcy Code via an uncontested motion and final bankruptcy court order.
Drawing on over 25 years' of special situations and restructuring experience, coupled with a unique and diverse network of relationships, Force 10 can value and monetize nonperforming loans, illiquid securities, judgments, claims, and liens.
Force 10 Partners, LLC, is based in Newport Beach, California. The advisory firm has deep domain knowledge in financial and operational corporate restructuring, valuation, forensic accounting, complex litigation support, and computations involved in court proceedings and dispute resolution. Force 10 serves middle-market companies as well as their creditors, stakeholders, and professionals, in roles including financial advisor, interim manager, fiduciary services, expert witness, financier, and M&A advisor.
Force 10 Partners
20341 SW Birch Street
Newport Beach, CA 92660