Property
491 Broad St
Loan 367 · Meitav · Carlstadt, NJ
UPB
$2.2M
Money
Reigo Exposure
$2.3M
Meitav — Aug 10
Asset
491 Broad St, Carlstadt, NJ, 7072
Property type unknown · Unit count unknown
Occupancy unknown
Current Case Status
Foreclosure
Carry Cost
Monthly carry cannot be calculated from current sources.
Next Move
Resolve: Is this foreclosure still active, or has it gone stalled/dormant?
Owner: Unassigned · Due: No date set
Blockers
- Why: No new legal fee has posted in over two years despite an active Foreclosure status in both Grand Summary and LMS — either the case is dormant, or activity is happening outside LMS's visibility.
- Is this foreclosure still active, or has it gone stalled/dormant?Owner: UnassignedNeeds review
- What are the 4 protective advances for, and is there an ongoing insurance claim?Owner: Unassigned
- Why has no new legal fee posted in 2+ years on an active foreclosure?Owner: Unassigned
- Current bid / offersDeal / Business Development
- Foreclosure stageLegal / Credit
- Monthly carry costAsset Management
- Expected sale priceDeal / Business Development
- Expected recoveryAsset Management
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
Foreclosure (LMS) — delinquency: Foreclosure
1. Property / Collateral
Address
491 Broad St, Carlstadt, NJ, 7072
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
$3.5M
Current UPB
$2.2M
Outstanding balance / payoff
$2.3M
Participation %
66.4%
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 CY 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
No legal/enforcement status connected for this loan — see the Legal tab for the full case-history field grid.
7. Carry / Liabilities
Monthly carry cannot be calculated from current sources — no carry-cost ledger is connected for this loan.
8. Third-Party Intelligence
No broker, servicer, counsel, borrower, buyer, or management statements are connected for this loan.
9. Critical Unknowns
Is this foreclosure still active, or has it gone stalled/dormant?
No new legal fee has posted in over two years despite an active Foreclosure status in both Grand Summary and LMS — either the case is dormant, or activity is happening outside LMS's visibility.
Owner: Unassigned · No action logged yet
What are the 4 protective advances for, and is there an ongoing insurance claim?
The advances are real and insurance-claim-related per LMS's own comment field, but the underlying claim itself isn't documented anywhere accessible today.
Owner: Unassigned · No action logged yet
Why has no new legal fee posted in 2+ years on an active foreclosure?
Directly follows from the dormant-vs-stalled question above — management may already know the answer.
Owner: Unassigned · No action logged yet
Current bid / offers
Connect PipeDrive to source this field.
Responsible: Deal / Business Development
Foreclosure stage
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 — 6 of 6 critical inputs are unusable: Current bid / offers (not connected), Foreclosure stage (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.
Persisted in Recovery OS's own store — independent of PipeDrive/LMS/Grand Summary.
Direct Grand Summary Loan ID (per PORTFOLIO_TRIAGE_REPORT.md #6) — not an inferred/nickname mapping, so there is no separate match to confirm.
Case Evidence Log
General loan status
Foreclosure
Source: Grand Summary + LMS snapshot, LOAN_ID 367 (PORTFOLIO_TRIAGE_REPORT.md #6)
Fund
Meitav
Source: Grand Summary snapshot, LOAN_ID 367
Unpaid principal balance (UPB)
$2.23M
Source: Grand Summary snapshot, LOAN_ID 367
Legal-fee activity recorded in LMS
2 legal-fee signals, $0 total, most recent 2024-02-09 — over two years stale relative to the active Foreclosure status
Source: LMS snapshot, LOAN_ID 367 (PORTFOLIO_TRIAGE_REPORT.md #6) — Feb 9, 2024
Protective-advance payments recorded
4 real LMS protective-advance payments, insurance-claim-related per the LMS comment field
Source: LMS snapshot, LOAN_ID 367 (PORTFOLIO_TRIAGE_REPORT.md #6)
Open Questions
Is this foreclosure still active, or has it gone stalled/dormant?
No new legal fee has posted in over two years despite an active Foreclosure status in both Grand Summary and LMS — either the case is dormant, or activity is happening outside LMS's visibility.
What are the 4 protective advances for, and is there an ongoing insurance claim?
The advances are real and insurance-claim-related per LMS's own comment field, but the underlying claim itself isn't documented anywhere accessible today.
Why has no new legal fee posted in 2+ years on an active foreclosure?
Directly follows from the dormant-vs-stalled question above — management may already know the answer.
Decisions
No decisions recorded yet.
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 — 26 of 209 fields available from connected sources (12%)
Executive Summary3/8 · Partial
Current situation
Requires an analyst-authored narrative or an AI summarization pipeline — neither exists yet.
Current recovery stage
Foreclosure
Grand Summary · General_Loan_Status · row 110
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 — 26 of 209 fields available from connected sources (12%)
Recovery OS
Source coverage
26/209 fields available
Recovery OS