NEWS RELEASE
Media Contact: Emily Baines
310-689-7537 / Emily@sugermangroup.com
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JOHNSON CAPITAL SPECIAL SERVICING TO PROVIDE RECEIVERSHIP FINANCING
Group will offer receivership financing services for existing assignments
DENVER, Colorado (April 7, 2009) — Johnson Capital Special Servicing announced today that it
will expand its services by providing receivership financing solutions for its clients. Receivership
financing, similar to debtor in possession financing, is a special form of lending for real estate
properties in financial distress. This additional service reinforces JCSS’s unique position as a “one-
source solution” for the loan workout process. The company already provides receivership,
property/construction management, brokerage services and note sales for financial institutions with
troubled commercial real estate loans.
This new type of financing will offer opportunities to enhance distressed properties in the down
market, albeit under strict conditions. Many of the assets overseen by JCSS contain imminent
life/safety hazards or significant deferred maintenance. Other situations which lend themselves to
receivership financing include incomplete construction projects or unfunded tenant finishes. JCSS
currently plans to offer the financing necessary to complete the build-out of a stalled condo project
and an incomplete office building. This financing will enable the lender to preserve their capital and
ensure the property is in proper condition for future tenants.
“As the credit markets continue to constrict, debtors in possession are finding it harder to secure the
financing necessary to complete their projects and make them viable for the long term,” said Johnson
Capital Special Servicing Principal, Andrew Miller. “By providing receivership financing for these
assignments, we are giving our clients both immediate cash as well as ongoing working capita