Question:Good morning

Is there a memo for the following case study?Working at Workouts: Commercial Real Estate Debt in Distress. I am struggling more with question 3 and 4 of this case study. Please help.


Craig Furfine,


In 2010 Drive Property Solutions, a special servicing firm in Chicago, had partnered with Spiner Capital to win an FDIC auction of distressed debt. Included in that auction was the defaulted mortgage note on Northwinds Community Crossing, a retail strip mall in suburban Savannah, Georgia, which had been in default since November 2009. Sam Schey, an asset manager at Drive, needed to decide how to maximize recoveries from the nonperforming loan.


Real Estate, Distressed Debt, Foreclosure, Workout


Kellogg School of Management


© The Kellogg School of Management at Northwestern University 2012

Published by Kellogg School of Management


Craig Furfine, “Working at Workouts: Commercial Real Estate Debt in Distress”, Kellogg School of Management Cases, (2017) ,

Kind regards


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