After a risky bet flopped, a top lender hired Loeb to recover over $1MM in assets, which included Top-of-the-Line CNC Machining Centers and Precision Cutting Machines, with the condition that all the assets needed to be removed from the building in less than 30 days. This required Loeb to execute its proven process and auction plan with extreme precision.
Loeb worked at a fastidious, fast clip. The large quantity of machinery and tooling that needed to be sold and removed from the premise in the timeframe was daunting, but the expert auction staff at Loeb was able to get the job done with a few days to spare. The landlord and lender were more than satisfied by Loeb’s speed and attentiveness!
All in all, with pinpoint accuracy, the machinery was sold and moved out of the building, precisely in time!