Distressed Debt Solutions Group
Carlton has been representing financial institutions in the sale of distressed debt since 1991 when the firm was called Carlton Property Auctions. We sold thousands of assets through customized sealed-bid and other date certain events.
We are an expert in all aspects of the foreclosure process and regularly executes foreclosure sales for some of the largest holders of distressed assets in the world. Our market prestige was demonstrated when we represented one of the most opportunistic investors in the world, Bill Ackman of Pershing, in his attempt to gain control of Peter Cooper Village / Stuyvesant Town. This was over a $5 billion foreclosure which was the largest attempted takeover in U.S. history.
Additionally, we successfully represented Paulson and Company and Winthrop Realty (a New York Stock Exchange REIT) in the $4 billion CNL/MSREF corporate mezzanine UCC foreclosure sale.