Amtrust Mortgage Corp / Amtrust Financial
We were appointed chief restructuring officer (CRO) for Amtrust Mortgage Corporation. Amtrust was a South Eastern US mortgage company that closed over $1.3 billion of mortgage loans in 2006.
We were retained as CRO for the business and charged with running the successful wind-down of the business, including the funding of over $40 million in committed loans and an orderly liquidation of over $120 million in funded mortgage loans and other company assets.
Additionally we were retained as CRO and financial advisor to Amtrust Financial Corporation and related entities in their Chapter 11 filings, The companies, based out of Ohio, have operations in insurance, securities, banking and real estate investments. We have assisted with more than 360 sale transactions, prepared cash flow and related variance analysis, managed tax deconsolidation issues, performed analysis of existing real estate assets while advising on an ongoing basis, as well as reviewing SOFA’s and bankruptcy schedules.