Heritage Park Minneapolis
As of Q4 2025, Certus is the court-appointed Receiver of a large multifamily housing development in Minneapolis.
The community features 440 units of multifamily housing (a portion of which are income qualified) within 76 structures throughout 31 acres in Minneapolis, Minnesota. The project features a capital stack totaling approximately $62MM including several sources.
About Certus Financial, LLC: At Certus, we navigate clients’ challenging business environments to successful resolution. We develop plans to fix underperforming assets, and we implement those plans, seeing them all the way through. Whether turning around a failing business, leading the development of a complimentary asset to expand or bolster a business for acquisition or long-term success, restructuring debt to minimize loss, or executing a campaign to sell an asset, Certus is a creative and committed advisor and an advocate willing to do what it takes to help our clients achieve the best possible outcome.
St. Andrew’s at Francis Place and Summerville
Certus named financial advisor to indenture trustee of a senior living community, including an active adult community and skilled nursing facility in Missouri.
Certus Financial, LLC, at the request of the Indenture Trustee, has been engaged since Q4 2024 as advisor on a 200-unit active adult and skilled nursing senior care campus located in Eureka, Missouri with approximately $37MM of tax-exempt bonds.
About Certus Financial, LLC: At Certus, we navigate clients’ challenging business environments to successful resolution. We develop plans to fix underperforming assets, and we implement those plans, seeing them all the way through. Whether turning around a failing business, leading the development of a complimentary asset to expand or bolster a business for acquisition or long-term success, restructuring debt to minimize loss, or executing a campaign to sell an asset, Certus is a creative and committed advisor and an advocate willing to do what it takes to help our clients achieve the best possible outcome.
Certus Concludes Successful Engagement as Financial Advisor on Grand Junction, CO Assisted Living and Memory Care Community
Certus Financial, LLC, was engaged as Financial Advisor by the Indenture Trustee regarding a 66-unit senior living community, recently built in Grand Junction, Colorado.
As financial advisor, Certus assessed the financial performance, market position, capital needs, assist in the development of various go-forward strategies, and coordinated with professionals in an effort to stabilize the financial profile of the overall community and bond investment.
Highlights include:
· Representation of Trustee: Represented Trustee in $21.2MM of defaulted tax-exempt bonds on a 66-unit senior living community.
· Comprehensive Facility Assessment: Performed onsite assessment of the facility, operations, financial condition, and outlook of the Project.
· Comprehensive Market Assessment: Performed market study including meeting with administrators of all direct market competitors to assess market position. Identification of an overbuilt soft market as a primary contributor to financial underperformance.
· Comprehensive Management Assessment: Interviewed key corporate personnel involved with the marketing, management, and financial reporting of the project.
· Review historical audits: assured loan covenants and provisions per indenture were adhered to
· Budget Oversight: worked consensually with management to push for changes to drive profitability for the 2024 Budget.
· Negotiation of Forbearance and Extensions: Negotiated forbearance, avoiding a rushed sale at depressed operating performance levels. Conditions included:
o Consensual support of sponsor/management to replenish DSRF
o Forbearance agreement tailored to promote growth, oversight and stabilization to benefit the long-term financial position of the community
· Transparent Communication: Provided consistent assessment and operational updates to Trustee and bondholder committee, ensuring transparency and informed decision-making.
· Operational Improvement and Debt Coverage: increased occupancy from the high 60s% occupancy to the low/mid 90% and improved operating margins have greatly increased the property’s ability to cover its annual debt service
JW Marriott
About Certus Financial, LLC: At Certus, we navigate clients’ challenging business environments to successful resolution. We develop plans to fix underperforming assets, and we implement those plans, seeing them all the way through. Whether turning around a failing business, leading the development of a complimentary asset to expand or bolster a business for acquisition or long-term success, restructuring debt to minimize loss, or executing a campaign to sell an asset, Certus is a creative and committed advisor and an advocate willing to do what it takes to help our clients achieve the best possible outcome.
Certus Awarded TMA Turnaround of the Year 2024
Once again, Certus has been awarded the “Turnaround of the Year” by the Minnesota Chapter of the Turnaround Management Association (TMA). Certus received the award for the successful conclusion of the receivership of Cambia Hills of East Bethel, a Psychiatric Residential Treatment Facility for youth located in East Bethel, Minnesota.
Highlights include:
- Cost Containment Measures: Certus implemented value-engineered cost containment measures to ensure preservation of the facility.
- National Marketing Search Program: A national marketing effort was conducted to facilitate the sale of the property, attracting qualified buyers from across the country.
- Restoration of Licensure: The primary goal of Certus was to restore the facility under its prior licensure with a qualified operator, ensuring the continuation of vital services for youth in need.
- Customized Adolescent Behavioral Health Facility: The facility is designed for highly functional, specialized residential care dedicated to adolescent behavioral health, providing tailored care to meet the unique needs of young individuals.
- National-Level Operators: The facility has been sold to an operator with a national presence who also carries a deep understanding of local logistics, ensuring seamless operations and community engagement.
- State-of-the-Art Building Systems: Throughout the receivership, Certus maintained the state-of-the-art mechanical and building systems to preserve the facility’s operational efficiency and safety.
- Collaboration with Local Authorities: Certus established a strong and productive working relationship with city, county, and state representatives to provide the necessary structure to support ongoing operations of the program
Please click here to visit the Minnesota Chapter of the TMA and read about the award.
Certus Completes Advisory Services for EB-5 Program Lender on Fairfield, TX Development
Certus announces successful conclusion of advisory services to EB-5 program Lender regarding single-family planned development in Fairfield, Texas.
The engagement resulted in pre-payment/refinancing of the Lender’s note which was in default by the borrower, allowing for exit of involvement in the project.
Certus Engaged as Financial Advisor by Indenture Trustee Regarding a 66-Unit Assisted Living and Memory Care Senior Living Community in Grand Junction, CO
As financial advisor, Certus will assess the financial performance, market position, capital needs, assist in the development of various go-forward strategies, and coordinate with professionals in an effort to stabilize the financial profile of the overall community and bond investment.
Certus engaged as Court-Appointed Receiver of Roseville, MN Senior Housing Community
Certus Financial, LLC, has been appointed by the District Court in Ramsey County, Minnesota as receiver of The Preserve of Roseville senior housing community effective January 2, 2024. The Preserve of Roseville is a newly built 103-unit Independent Living, Assisted Living and Memory Care Community.
As court-appointed receiver, Certus will seek to stabilize operations and improve performance of the facility while identifying path(s) towards highest and best resolution for the creditor group.
Certus appointed Financial Advisor to EB-5 program Lender on single-family planned development in Fairfield, Texas.
Certus Financial, LLC, has been appointed as Financial Advisor to the Lender on a to-be-developed, 2600-acre single family housing community including significant common area amenities such as private lake, golf course, and clubhouses.
As an advisor, Certus aims to assess potential paths forward for the stalled development.
Certus announces successful conclusion of receivership and sale of Psychiatric Residential Treatment Facility for Youth
[EAST BETHEL, MN] — Certus Financial, LLC, a distinguished leader in healthcare and facility management, is pleased to announce the successful conclusion of the receivership of Cambia Hills of East Bethel, a Psychiatric Residential Treatment Facility for youth located in East Bethel, Minnesota.
Certus has achieved several significant milestones during its efforts as receiver, transitioning the building to a new operator:
- Cost Containment Measures: Certus implemented value-engineered cost containment measures to ensure preservation of the facility.
- National Marketing Search Program: A national marketing effort was conducted to facilitate the sale of the property, attracting qualified buyers from across the country.
- Restoration of Licensure: The primary goal of Certus was to restore the facility under its prior licensure with a qualified operator, ensuring the continuation of vital services for youth in need.
- Customized Adolescent Behavioral Health Facility: The facility is designed for highly functional, specialized residential care dedicated to adolescent behavioral health, providing tailored care to meet the unique needs of young individuals.
- National-Level Operators: The facility has been sold to an operator with a national presence who also carries a deep understanding of local logistics, ensuring seamless operations and community engagement.
- State-of-the-Art Building Systems: Throughout the receivership, Certus maintained the state-of-the-art mechanical and building systems to preserve the facility’s operational efficiency and safety.
- Collaboration with Local Authorities: Certus established a strong and productive working relationship with city, county, and state representatives to provide the necessary structure to support ongoing operations of the program.
Notably, as a result of efforts towards the Cambia Hills project Certus has recently been awarded the 2024 Turnaround of the Year Award by the MN Turnaround Management Association.