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 on Grand Junction, CO Assisted Living and Memory Care Community
Certus Financial, LLC, has been appointed as Financial Advisor to indenture trustee on a 40-unit Assisted Living and 26-unit Memory Care Community in Grand Junction, CO.
As an advisor, Certus aims to organize a forbearance agreement and offer guidance to management to facilitate a successful revitalization of the community.
Certus appointed Financial Advisor of Austin, MN Senior Care Community
Certus Financial, LLC, has been appointed as Financial Advisor to Indenture Trustee on a distressed CCRC in Austin, MN which includes Independent Living, Assisted Living, Memory Care, and Skilled Nursing.
In its advisory role, Certus will work with management to stabilize operations and develop a structured forbearance agreement to lead a successful turnaround of the community.