Timberline Hills PUD
Receivership
Project Highlights
A Planned Unit Development in one of Eugene's most desirable neighborhoods, Timberline Hills' 128 unfinished lots faced entitlement delays and significant cost overruns.
Challenge
Unable to recapitalize the project in order ot complete it, the project's developer defaulted on the A&D and construction loan, leaving behind incomplete houses as well as unfinished subdivision improvement and future site developments.
solution
The project's lender requested the appointment of JFP Partners (formerly J. Fanelli Properties, LLC) as receiver to secure and evaluate the project, conduct a detailed underwriting and cost-to-complete analysis, and perform a market assessment. The recommendation was to pursue a bulk sale of the asset.
Result
Sale of asset within 6 months for $9.8M
Eugene, OR
2025
Partners
DBS Law
LEI Engineering
Our Approach
With over three decades of experience developing, owning, and operating real estate, including advising and managing distressed projects, our principals also serve as expert witnesses on real estate matters and provide other consulting and real estate brokerage services.
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