County appears to be closer to recouping defaulted loans

Imperial Center, which has been operating under receivership since May 2018, reportedly has “interested parties” in buying the property. IVP FILE PHOTO

HEBER — The court-appointed receiver in charge of operations at Imperial Center said the property is attracting interest from prospective buyers and that a deal may be reached within the next couple of months.

Kevin Singer, founder and president of Los Angeles-based Receivership Specialties, said such a deal should ultimately allow Imperial County to recoup money owed on a $2 million loan made from Community Benefit Program in April 2017.

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