Property
4318 Union St
Loan 3933 · Kantor / GIC · Flushing, NY
UPB
$7.3M
Money
Reigo Exposure
$7.3M
Kantor / GIC — Aug 10
Asset
4318 Union St, Flushing, NY, 11355
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: What foreclosure stage is this case actually at, and what's the next court date?
Owner: Unassigned · Due: No date set
Blockers
- Why: Answered in detail by the 2026-08-12 GP Legal DQ Report (see Case Evidence Log) — a Bankruptcy Case and Foreclosure Case are both active, with a Motion to dismiss/relief from stay due 2026-08-14. Left open, not resolved, since the motion's outcome is itself unknown.
- What foreclosure stage is this case actually at, and what's the next court date?Owner: UnassignedNeeds review
- Will the Lender's motion to dismiss/relief from stay (due 2026-08-14) succeed, and how does Wood Heaven's competing motion affect it?Owner: UnassignedNeeds review
- Is there a current buyer, listing, or disposition plan for this asset?Owner: UnassignedNeeds review
- Current bid / offersDeal / Business Development
- 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
4318 Union St, Flushing, NY, 11355
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
$7.4M
Current UPB
$7.3M
Outstanding balance / payoff
$7.3M
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 CP 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
[Bankruptcy Case] Status Conference held on 07/29/26. Meeting of Creditors held. Lender's Motion to dismiss and/or relief from stay to be filed by 08/14/26. Wood Heaven (investor in Debtor) filed motion for relief from stay. [Foreclosure Case] status conference held on 06/17/26. Lender filed Bill of Costs on 06/19/26.
Next hearing
No legal/enforcement tracking system is connected.
Next deadline
Motion to dismiss / relief from stay to be filed — 2026-08-14
Counsel
No legal/enforcement tracking system is connected.
Legal spend to date
$54.2K
Expected additional legal cost
No legal/enforcement tracking system is connected.
Eviction status
No legal/enforcement tracking system is connected.
Bankruptcy status
Status Conference held on 07/29/26. Meeting of Creditors held. Lender's Motion to dismiss and/or relief from stay to be filed by 08/14/26. Wood Heaven (investor in Debtor) filed motion for relief from stay.
PG / guarantor action
No legal/enforcement tracking system is connected.
Dual-track (foreclosure + PG/bankruptcy)
Yes — both tracks active
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
What foreclosure stage is this case actually at, and what's the next court date?
Answered in detail by the 2026-08-12 GP Legal DQ Report (see Case Evidence Log) — a Bankruptcy Case and Foreclosure Case are both active, with a Motion to dismiss/relief from stay due 2026-08-14. Left open, not resolved, since the motion's outcome is itself unknown.
Owner: Unassigned · No action logged yet
Will the Lender's motion to dismiss/relief from stay (due 2026-08-14) succeed, and how does Wood Heaven's competing motion affect it?
A newly-surfaced third party (Wood Heaven, an investor in the Debtor) has its own motion for relief from stay — this could materially change how quickly (or whether) this $7.32M loan's foreclosure can proceed.
Owner: Unassigned · No action logged yet
Is there a current buyer, listing, or disposition plan for this asset?
No PipeDrive link exists for this loan — Recovery OS has zero visibility into any disposition activity.
Owner: Unassigned · No action logged yet
What is the expected sale value / recovery on this loan, given its $7.32M UPB?
No BPO/appraisal path exists in any source reviewed — this is the largest active loan in the portfolio with this gap.
Owner: Unassigned · No action logged yet
Who is the assigned attorney, and is anything blocking progress?
LMS names no law firm for this loan in any source reviewed.
Owner: Unassigned · No action logged yet
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 — 4 of 6 critical inputs are unusable: Current bid / offers (not connected), Monthly carry cost (not connected), Expected sale price (not connected), Expected recovery (missing).
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 #1–4) — not an inferred/nickname mapping.
Case Evidence Log
General loan status
Foreclosure
Source: Grand Summary + LMS snapshot, LOAN_ID 3933 — both sources agree (PORTFOLIO_TRIAGE_REPORT.md #1–4)
Fund
Kantor / GIC
Source: Grand Summary snapshot, LOAN_ID 3933
Unpaid principal balance (UPB)
$7.32M — the single largest active loan in the portfolio by UPB
Source: Grand Summary snapshot, LOAN_ID 3933
Legal-fee activity recorded in LMS
19 legal-fee payments, most recent 2026-06-26 — active, and zero PipeDrive link (fully unmonitored outside LMS's own $ total)
Source: LMS snapshot, LOAN_ID 3933 (PORTFOLIO_TRIAGE_REPORT.md #1–4) — Jun 26, 2026
Current legal narrative (GP Legal DQ Report)
[Bankruptcy Case] Status Conference held on 07/29/26. Meeting of Creditors held. Lender's Motion to dismiss and/or relief from stay to be filed by 08/14/26. Wood Heaven (investor in Debtor) filed motion for relief from stay. [Foreclosure Case] status conference held on 06/17/26. Lender filed Bill of Costs on 06/19/26.
Source: GP Legal DQ Report (Michael Palumbo), DQ Report-08.11.26-GP UPDATESv2.xlsx, LOAN_ID 3933 — Aug 11, 2026
Dual-track legal action
Yes — an active Bankruptcy Case and an active Foreclosure Case are both underway simultaneously.
Source: GP Legal DQ Report (Michael Palumbo), LOAN_ID 3933 — Aug 11, 2026
Next legal deadline
Lender's Motion to dismiss and/or relief from stay to be filed by 2026-08-14 — not yet filed as of the report date.
Source: GP Legal DQ Report (Michael Palumbo), LOAN_ID 3933 — Aug 11, 2026
Legal blocker
No foreclosure sale is scheduled while the bankruptcy case is active. Wood Heaven, an investor in the Debtor (a third party not previously known to Recovery OS), has independently filed its own motion for relief from stay — a second, competing party now has a stake in how the stay motion resolves.
Source: GP Legal DQ Report (Michael Palumbo), LOAN_ID 3933 — Aug 11, 2026
Open Questions
What foreclosure stage is this case actually at, and what's the next court date?
Answered in detail by the 2026-08-12 GP Legal DQ Report (see Case Evidence Log) — a Bankruptcy Case and Foreclosure Case are both active, with a Motion to dismiss/relief from stay due 2026-08-14. Left open, not resolved, since the motion's outcome is itself unknown.
Will the Lender's motion to dismiss/relief from stay (due 2026-08-14) succeed, and how does Wood Heaven's competing motion affect it?
A newly-surfaced third party (Wood Heaven, an investor in the Debtor) has its own motion for relief from stay — this could materially change how quickly (or whether) this $7.32M loan's foreclosure can proceed.
Is there a current buyer, listing, or disposition plan for this asset?
No PipeDrive link exists for this loan — Recovery OS has zero visibility into any disposition activity.
What is the expected sale value / recovery on this loan, given its $7.32M UPB?
No BPO/appraisal path exists in any source reviewed — this is the largest active loan in the portfolio with this gap.
Who is the assigned attorney, and is anything blocking progress?
LMS names no law firm for this loan in any source reviewed.
Decisions
No decisions recorded yet.
Detailed operating fields
Operating Summary
Current situation
—
Next action
—
Owner
—
Due date
Motion to dismiss / relief from stay to be filed — 2026-08-14
Blocking issue
—
Expected recovery
—
Best bid
—
Monthly carry cost
—
Cost of delay
—
Expected time to cash
—
Risk level
—
Confidence
Low — 32 of 209 fields available from connected sources (15%)
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 95
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 — 32 of 209 fields available from connected sources (15%)
Recovery OS
Source coverage
32/209 fields available
Recovery OS