Unraveling Multimodality with Large Language Models.pdf
Chicago Station Urban Condominium Case study
1. WALK IT OFF:
When Workouts Don’t Work Out- An Exploration of Litigation and Bankruptcy
GreenPearl Midwest: Beyond Distress
May 12, 2011
Chicago Station Urban Condominium case study
Project Background:
150 unit urban condominium development that is 75% sold.
25% of the loan is outstanding and is 12 months past its maturity.
Multiple short term extensions have been granted.
20% of the units are only framed and need to be complete.
Sales are at a standstill.
Borrowers have stopped supporting loan and are no longer cooperative despite
their personal guarantees.
Taxes and condominium assessments are not being paid.