Receivership and Trustee services with an emphasis in distressed debt transactions with banking and financial institutions. Magnum has managed business operations, liquidations, sales and restructurings and substantial litigation in the workout and resolution of diversified distressed debt in excess of 2 billion dollars.

The receiver ensures rents are collected by retaining a property manager and making repairs if necessary to prepare the asset for sale. Magnum offers the lender competitive pricing for our in house receiver/ trustee services with an emphasis to preserve the asset immediately and take control of the rental income. In addition, all financial reporting is prepared in house and reviewed by a CPA before any court filings. We prepare, file, and serve monthly and quarterly financial reports and annual budget and cash flow projections and hold regular annual meetings of beneficiaries if necessary. The end result is one stop shopping for the lender with Magnum Management Services LLC.

Our In house receiver and trustee allow Magnum to offer competitive pricing and one stop shopping to clients.