When a large bank needed to get out of a tough situation, they called on LOEB to handle the disposition of the cosmetic company’s multiple locations. All assets needed to be sold quickly as the bank had no landlord agreement in place. The bank knew that with Loeb’s proven process, we could market and execute on-site quickly and work through the issues with the landlord.
In all, the deal was done on time and Loeb was able to trade some of the support equipment on-site to the landlord in exchange for the time needed to sell the assets and clean up all the hazardous waste left by the cosmetic company. Another beautiful finish.