Property
615 Bellemeade Ave
Loan 10007236 · Meitav · Evansville, IN
UPB
$99.4K
Money
Reigo Exposure
$99.4K
Meitav — Aug 10
Asset
615 Bellemeade Ave, Evansville, IN, 47713
Property type unknown · Unit count unknown
Occupancy unknown
Current Case Status
Defaulted
Carry Cost
Monthly carry cannot be calculated from current sources.
Next Move
Connect PipeDrive to source this field.
Owner: Unassigned · Due: No date set
Blockers
- Why: Current bid / offers is critical and unusable.
- Current bid / offersDeal / Business Development
- Monthly carry costAsset Management
- Expected sale priceDeal / Business Development
- Expected recoveryAsset Management
- Next legal deadlineLegal / Credit
Decision — Sell Now vs. Hold
Every editable field below is a local, non-persisted draft assumption — never written to LMS, PipeDrive, or any source system. Real values and their sources are shown for reference.
No connected source — starting from $0.
No connected source — starting from $0.
No connected source — starting from $0.
No connected source — starting from $0.
No connected source — starting from $0.
No connected source — starting from $0.
No connected source — starting from $0.
Sell Now
No current offer connected, and no price entered above — enter an assumed price to see Sell Now economics. A $0 sale price is never assumed.
Hold (sensitivity by months)
No current valuation connected, and no assumed future sale value entered above — enter one to see Hold economics. A $0 future sale value is never assumed.
Headline
A 1-year extension at a 4% upfront fee was offered; counsel is preparing a forbearance agreement in lieu of proceeding with the Notice of Default.
1. Property / Collateral
Address
615 Bellemeade Ave, Evansville, IN, 47713
Property type
Collateral/property type is not a column in the Grand Summary Loans list
Occupancy
Occupancy status is not a column in the Grand Summary Loans list
Physical condition
Property condition is not a column in the Grand Summary Loans list
Inspection history
Inspection history is not a column in the Grand Summary Loans list
Not tracked in any connected source for this or any loan yet: number of units, renovation status, and a structured material-issues list.
2. Valuation / Market
Current valuation not available — no BPO, appraisal, or market intelligence is connected for this loan.
3. Loan / Reigo Exposure
Original loan amount
$103.0K
Current UPB
$99.4K
Outstanding balance / payoff
$99.4K
Participation %
100.0%
Accrued legal fees
Legal spend is not a column in the Grand Summary Loans list
Other advances / protective costs
Protective advances is not a column in the Grand Summary Loans list
4. Current Offer / Exit
No current offer connected from PipeDrive for this loan.
5. Borrower / Guarantor
Borrower
Borrower P LLC
Ownership structure
Borrower/guarantor identity is not tracked in the Grand Summary Loans list, and no LMS or Recovery OS database connection exists to source it from elsewhere.
Last meaningful communication
Borrower/guarantor identity is not tracked in the Grand Summary Loans list, and no LMS or Recovery OS database connection exists to source it from elsewhere.
Borrower's stated plan
Borrower/guarantor identity is not tracked in the Grand Summary Loans list, and no LMS or Recovery OS database connection exists to source it from elsewhere.
Guarantor(s)
Borrower/guarantor identity is not tracked in the Grand Summary Loans list, and no LMS or Recovery OS database connection exists to source it from elsewhere.
PG enforceability / collectability
Borrower/guarantor identity is not tracked in the Grand Summary Loans list, and no LMS or Recovery OS database connection exists to source it from elsewhere.
PG exposure
Borrower/guarantor identity is not tracked in the Grand Summary Loans list, and no LMS or Recovery OS database connection exists to source it from elsewhere.
6. Legal / Enforcement
Current stage
Loan matured on 08/01/26. Waiting on updated Payoff Statement for new Notice of Default.
Next hearing
No legal/enforcement tracking system is connected.
Next deadline
No legal/enforcement tracking system is connected.
Counsel
No legal/enforcement tracking system is connected.
Legal spend to date
$3.0K
Expected additional legal cost
No legal/enforcement tracking system is connected.
Eviction status
No legal/enforcement tracking system is connected.
Bankruptcy status
No legal/enforcement tracking system is connected.
PG / guarantor action
No legal/enforcement tracking system is connected.
Dual-track (foreclosure + PG/bankruptcy)
No
7. Carry / Liabilities
Monthly carry cannot be calculated from current sources — no carry-cost ledger is connected for this loan.
8. Third-Party Intelligence
A 1-year extension at a 4% upfront fee was offered; counsel is preparing a forbearance agreement in lieu of proceeding with the Notice of Default.
PipeDrive note — negotiation state · PipeDrive snapshot — Apr 15, 2026
Borrower must obtain a quitclaim deed restoring the property to the original borrowing entity before the forbearance/extension can proceed.
PipeDrive note — next action · PipeDrive snapshot — Apr 15, 2026
Borrower switched loan entities without Reigo's knowledge or consent, requiring correction before the workout can close.
PipeDrive note — blocker · PipeDrive snapshot — Apr 15, 2026
A Notice of Default was requested and forwarded to outside counsel; a forbearance agreement is now being prepared instead.
PipeDrive note — legal/workout signal · PipeDrive snapshot — Mar 16, 2026
9. Critical Unknowns
Current bid / offers
Connect PipeDrive to source this field.
Responsible: Deal / Business Development
Monthly carry cost
Connect Recovery OS Database to source this field.
Responsible: Asset Management
Expected sale price
Connect PipeDrive to source this field.
Responsible: Deal / Business Development
Expected recovery
Not present in Recovery OS Database for this loan — obtain it via Recovery OS Database or capture it directly (e.g. an analyst note).
Responsible: Asset Management
Next legal deadline
Connect LMS to source this field.
Responsible: Legal / Credit
Full evidence log and question/action management are on this page below, and on the Decisions tab.
10. Decision
Decision question not yet defined
Define the decision to evaluate options and missing inputs — Decisions tab.
Not Ready — 5 of 6 critical inputs are unusable: Current bid / offers (not connected), Monthly carry cost (not connected), Expected sale price (not connected), Expected recovery (missing), Next legal deadline (not connected).
Conflicts between sources
- Loan maturity date
Draft assumptions being accepted
None entered yet.
You may decide now, but this is what you are choosing to decide without knowing.
Full evidence, approval status, and execution history are on the Decisions tab.
No Recovery OS case has been opened for this loan yet.
Opening one lets you log real Questions, Actions, and Decisions for Loan 10007236 — persisted in Recovery OS's own store, independent of PipeDrive/LMS/Grand Summary. It starts empty; nothing is pre-filled.
Detailed operating fields
Operating Summary
Current situation
—
Next action
—
Owner
—
Due date
—
Blocking issue
—
Expected recovery
—
Best bid
—
Monthly carry cost
—
Cost of delay
—
Expected time to cash
—
Risk level
—
Confidence
Low — 41 of 209 fields available from connected sources (20%)
Executive Summary3/8 · Partial
Current situation
Requires an analyst-authored narrative or an AI summarization pipeline — neither exists yet.
Current recovery stage
Defaulted
Grand Summary · General_Loan_Status · row 16
Raw workbook status, not a formal Recovery OS recovery-stage taxonomy — STATE_MACHINE_REVIEW.md's proposed stage machine is not yet approved.
Critical risks
No structured risk-flagging pipeline is connected.
Expected outcome
Requires an approved recovery forecast — none exists in Grand Summary or Recovery OS.
Next action
Requires task/decision tracking — not connected.
Required approvals
No approval-tracking system is connected.
Confidence
Low — 41 of 209 fields available from connected sources (20%)
Recovery OS
Source coverage
41/209 fields available
Recovery OS