Receivership & Troubled Assets

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Mike Williams, Vice President of MWI, often serves as a Court-Appointed Receiver or consultant to lending institutions with regard to troubled real estate assets. MWI prides itself in being able to quickly takeover a troubled asset, assess its current situation, and then design and implement a strategy that results in a stabilized property ready to move onto its next phase of ownership.

Some of the financial, lending, and insurance institutions MWI has had the privilege to work with include:

Bayview Financing
Bloom Bank
BMO Harris Bank
Boston Capital
Boundary Waters Bank
Capital Crossing
Crossroads Bank
CW Capital
Eastern Savings Bank
Farmers Bank
Fifth Third Bank

First Bank of Illinois
First Financial Bank
First Merchants Bank
Flagstar Bank
House Investments
Huntington Bank
JP Morgan Chase
RBC Capital
Ridgestone Bank
Travelers Insurance
Wells Fargo

Past Receivership Appointments:

30^th Street Rentals: Connersville, IN
Ace Storage: three self-storage facilities in Southern Indiana
Anthony Wayne Apartments: Fort Wayne, IN
Arbor Village Apartments: Indianapolis, IN
Ariel Apartments: Indianapolis, IN
B&B Tools: Muncie, IN
Bon Air Apartments: Indianapolis, IN
Elizabethtown Liquors: Elizabethtown, IN
Fellowship Apartments: North Manchester, IN
Fox Hill Apartments: Indianapolis, IN
Gill Apartment Homes: Seymour, IN
Hartshire Apartments: Bargersville, IN

Heritage Apartments: Indianapolis, IN
Indian Village Apartments: Fort Wayne, IN
Kimberly Court Apartments: Muncie, IN
Linwood Square Apartments: Indianapolis, IN
Meadow Drive Apartments: Greenwood, IN
Mulberry Place Apartments: Muncie, IN
National Square Office Park: Indianapolis, IN
Shadeland Court Apartments: Indianapolis, IN
Southeastern Supply: Indianapolis, IN
Ultra-Shred, Inc.: Indianapolis, IN
Villa Capri Apartments: Fort Wayne, IN
Weston Village Apartments: Greenfield, IN

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Moynahan Williams, Inc. has been our management partner since 2012 and we could not be happier. Mike and his team of property management professionals are responsive, experienced, creative, and hardworking. The financial reporting is accurate and thorough, the maintenance work is timely and well done, and the leasing and collection processes are consistent and effective. Their efforts have increased the value of our properties and we are looking to increase our holdings in this market as a result. If you are considering hiring a professional property management company that actually cares about the success of your investment you should partner with MWI.

My investment team hired MWI to manage one of our multifamily assets, and from day one they have been proactive and thorough, with everything from day-to-day property management and maintenance, to asset management and accounting. Mike and the rest of the team continually make suggestions for improvements and maintenance, and are very quick with troubleshooting and problem solving. They truly value our property, and the staff stays up on industry trends and best practices. We never hesitate to reach out with thoughts or questions, as we know we will get thoughtful, informed feedback. I would highly recommend MWI for management of anything from newly-acquired properties, to long-term-hold assets in need of restructuring and improvement.

We would like to thank MWI and your excellent team for all of the time and assistance providing your property management services for our apartment complex, Eastgate Terrace. We had the pleasure of not only working with you as the owner of the company, but also with Kari, Deb, Jessica, Kint, Bridget and Jon throughout the time we owned the property. We always felt you and your entire team provided excellent service, value and professionalism. You all helped us through some challenging times and were instrumental in helping us successfully operate our property.

Moynahan Williams has been managing affordable housing rental properties for my company for nearly 20 years. This lengthy, lasting relationship is proof positive of MWI’s reliable and effective property management services. All MWI representatives, from executive personnel to administrative and accounting personnel to regional managers to on-site management staff, are responsive and resourceful, and, most importantly, genuinely care about the properties they manage and the owners for whom they provide management services.