DEAL SIZE
$56,000,000
USA Capital
COMPANY
- A Las Vegas based mortgage broker
OVERVIEW
- ACM professionals assisted USA Capital with an interim-management role through Chapter II proceedings. ACM professionals also provided sell-side advisory resulting in a successful sale of one of USA Capital’s lines of business
- Funds were mismanaged
- Company had inadequate collections department
ACM VALUE ADD
- Performed forensic analysis to recreate 115 loans ledgers
- Successfully collected on non-performing loans
- Prepared and marketed company for bankruptcy court auction
- Recreated loan records provided reliable historical financial information
- Collection efforts rebuilt loan servicing fee based business
- Winning sale bid was 44% greater than stalking horse bid
