C2R Capital acquired a defaulted working-capital facility on a 120,000 SF specialized manufacturing facility on 21.67 acres in the high-demand Conroe corridor. The existing lender was exiting; C2R stepped in as controlling lender, assuming operational control of enforcement and restructuring strategy.

The property was appraised at approximately $103M and secured by first-lien deed of trust and blanket collateral on real and personal property. C2R's entry reflected immediate default exposure, but represented a deep entry relative to replacement value. C2R coordinated workout paths including deed-in-lieu, lifeline restructuring, sale-leaseback arrangements, or orderly asset disposition.

This transaction exemplifies C2R's specialized workout and enforcement capabilities—stepping into complex, high-value credit crises, coordinating with multiple stakeholders, and executing hands-on recovery strategies that pure lending shops cannot execute.