Cordes & Company

Hole-in-one on foreclosed golf community

When a bank started the foreclosure process the developer of a 600-acre golf community located in Colorado, it had Cordes & Company appointed as receiver to care for and operate the development (including management of the golf course, recreation center, and homeowners association) and assist the bank and marketing efforts.  The developer filed for bankruptcy protection and fought with the bank for almost one year.  Nevertheless, under Cordes & Company's management, homeowner concerns were addressed, neglected facilities were repaired and maintained, and use of the 18-hole golf course increased 20 percent. 

California
2030 Main Street
Suite 1600
Irvine, CA 92614
Telephone: 949.379.1202
Colorado
5299 DTC Boulevard
Suite 815
Greenwood Village, CO 80111
Telephone: 303.721.8755
Minnesota
220 South 6th Street
Suite 2125
Minneapolis, MN 55402
Telephone: 612.455.6027
© CORDES & COMPANY