
Appointed by the Courts, Trusted by Leading Lenders and Law Firms
Since 2010, Elliott Bay Asset Solutions has acted as court-appointed receiver for more than 100 engagements
With our deep expertise in business, real estate, and law, we’ve been trusted time and again to safeguard creditor and equity interests where distressed business and/or real estate holdings are concerned. With every receivership engagement, we’ve built a solid reputation for professionalism, integrity, and effective performance across a wide range of business sectors and real estate holdings.
Get In TouchFinancial Institutions That Have Nominated Us As Receivers

- Axos Bank
- ACORE Capital Mortgage, LP
- Bank of America
- Banner Bank
- Bank of Hope (BBCN Bank)
- Broadmark Realty Capital
- Cathay Bank
- Chase Bank
- Columbia Bank
- First Security Bank
- First Sound Bank
- Fortune 100 Companies
- GBC International Bank
- Greyhawk SSOF Ruckus Lender, LLC
- Harris Bank
- Heritage Bank
- HomeStreet Bank
- Key Bank
- Kitsap Bank
- Pacific Union Financial
- Private Securities-Backed Mortgage Funds
- Seattle Bank
- Thrivent Financial
- Trimont, LLC
- Umpqua Bank
- Union Bank
- U.S. Bank
- Washington Federal
- Wells Fargo
Assignments for the Benefit of Creditors
Debtors, both companies and individuals, also nominate us to serve as Receiver when they become insolvent, are unable to pay their debts in the ordinary course of business, or otherwise choose to liquidate. Boards of Directors have asked us to serve as Receiver when companies elect to administratively dissolve; and probate estates have also asked us to serve as Receiver when they need expert assistance.

Law Firms That Have Nominated Us As Receivers

- Assayag Moss
- Bailey Duquette P.C.
- Ball Janik
- Ballard Spahr
- Borde Law
- Bush Kornfeld
- DBS Law
- DeLue Law
- Eisenhower Carlson
- Elizabeth Sweet
- First Avenue Law Group
- Foster Garvey
- Foster Pepper
- Fox Rothschild
- Hacker & Willig
- Hanson Baker Ludlow & Drumheller
- Helsell Fetterman
- K&L Gates
- Karr Tuttle
- Landerholm
- Lane Powell
- Law Office of Alan Donaldson
- Law Office of Anthony Wisen
- Law Office of G. Michael Zeno
- Law Office of James L. Strichartz
- Law Office of Jennifer T. Karol
- Law Office of Richard D. Seward
- Law Office of Terence K. Wong
- Lee Anav Chung
- Miller Nash
- Montgomery Purdue
- Newman DuWors
- Ogden Murphy Wallace
- Oles Morrison Rinker & Baker
- Olson & Olson
- Perkins Coie
- Reuter Corbett
- Riddell Williams
- Ryan Swanson & Cleveland
- Schwabe
- Schweet Linde & Rosenblum
- Shanze Partners
- Snell & Wilmer
- Sternberg Thomson Okrent & Scher
- Stoel Rives
- The Tracy Law Group
- Vandeberg Johnson Gandara
- Wenokur Riordan
Receivership Engagement Testimonials
Gentlemen, on behalf of myself and the entire staff here at AXIS Pharmacy NW, I'd like to again acknowledge all that you did for us during the receivership. I realize it wasn't easy for anyone for a variety of reasons but, in the end, WE DID IT!
This deal was like a soap opera with surprises coming every week. Your team showed amazing flexibility and tenacity throughout. With the challenges that we faced, I can't imagine a better outcome. I don't look forward to ever facing a similar situation, but if we do, we will know who to call.
I think you have performed masterfully in getting this property sold for more than I thought you could get when we discussed the myriad of issues.
I have enjoyed working with you. You are a true professional and you can count on me if you ever need a professional reference.
Thank you to you and Susie and the team for the amazing work.
I am very impressed with the coordination, which will benefit every creditor and principal.
Thanks for the team effort and coordination to get this accomplished.
I remember this was quite a fire drill when it first came in, so great work on steering the ship.
Stuart, I can't tell you how much I appreciate you and your team.
THANK YOU for everything you've done and are doing to try to save them.
You have a remarkable in-house team.
You did a great job on this.
Stuart is a pro.
Our Portfolio
Elliott Bay Asset Solutions handled general or custodial receivership services for the following entities, among others.
20 North Neal Street
Single Family Residence in Kennewick, Washington.
34007 1st Circle
Six-unit apartment building in Federal Way, Washington.
425 SW 175th Place, LLC
Single family residential property in Normandy Park, Washington.
4 Miles LLC
Single-tenant retail/commercial storefront (an old bank building converted to a thrift shop) located in Bothell, Washington.
7009 171st Avenue SE, Bellevue
5,860 Square Foot single family residence in Belvedere View with 7 bedrooms and 5 bathrooms in Bellevue, Washington.
92 Utsalady Road, Camano Island
Beach home on Puget Sound waterfront on Camano Island, Washington.
Advanced Allergy & Asthma PLLC
Medical practice focused on asthma, allergies and immunology in Silverdale, Washington.
Ahn - Welcome Motor Inn
50-unit motel in Everett, Washington.
Alexandria Drugs LLC
Medical prescription pharmacy in Seattle, Washington.
Architectural Details, Inc.
Architectural lighting and fixture manufacturer in Woodinville, Washington.
A&S Hotels, LLC
65-unit Best Western - College Way Inn Hotel in Mount Vernon, Washington.
Beltran Properties
Three residential properties in Bothell, Everett and Lynnwood, Washington.
Breckenridge Group Pullman WA, LLC
Partially completed 196-unit student housing apartment building in Pullman, Washington.
Brickstone Holdings, LLC
Commercial property with retail tenants in Seattle, Washington.
Buffelen Woodworking
Door manufacturer that had been in business since 1913, including a seven acre manufacturing facility on the Hylebos Waterway, plus its real property and more than 70 employee shareholders in Tacoma, Washington.
Camp Lakeview, LLC
300-acre RV resort and campground with a wedding and event venue in Graham, Washington.
Carbon Holding, LLC
5-unit apartment building in the Queen Anne neighborhood of Seattle, Washington.
Cashmere Manor
25-unit low income apartment complex located in Cashmere, Washington. Legal jurisdiction for this receivership was in Thurston County, Washington.
Churchill
Portfolio with 13-unit and six-unit apartment buildings, as well as a commercial condominium building located in Oak Harbor, Washington. Legal jurisidiction was in Whatcom County, Washington.
CP/IPERS
70,000 square foot, five story commercial office building in Seattle, Washington.
Daly's, Inc. (Daly's Paint & Decorating)
Retail paint and decorating business with location in Bellevue and Seattle, Washington.
Daniel A. Kropf
Automotive repair shop in Gig Harbor, Washington.
DB2 Seattle LLC
Partially completed eight-unit live/work/condo/townhome project in Seattle, Washington.
Discover Books
Bookseller with sales of $57.1MM per year and 249 employees with physical locations in seven states and doing business in 46 states.
Duck Properties, LLC
Eight-unit multi-family development in Bremerton, Washington.
Eastern WA Construction
14 condominium units in seven different partially completed structures located in Manson, Washington. The legal jurisdiction for this receivership was Clark County, Washington.
ESW Group
Commercial building with a retail tenant in Tacoma, Washington.
Everett
1.21-acre residential property in Poulsbo, Washington.
Everett
7.48-acre residential property in Poulsbo, Washington.
Evergreen Point 1465, LLC
6,320 square foot, 5 bedroom home on 115 feet of no-bank Lake Washington waterfront in Medina, Washington.
Express Linen
Commercial property with a linen supplier tenant in Seattle, Washington.
Festivals, Inc.
Event promotion company responsible for putting on Bite of Seattle, Taste of Tacoma, and Oktoberfest in Puyallup, Washington.
Fort Worden Lifelong Learning Center Public Development Authority
Washington Public Corporation, created by the City of Port Townsend in 2009, to promote, develop, manage, and secure funding for Fort Worden.
G3K Villa Maria, LLC
11-Unit apartment building in Seattle, Washington.
Gaemi Group
Restaurant business in the University District of Seattle, Washington.
Galvin Flight Maintenance, LLC
Flight training and maintenance facility in Seattle, Washington.
Galvin Flight Training, LLC
Flight training and maintenance facility in Seattle, Washington.
Garden Ridge
Multi-family residential property on 4.94 acres in Renton, Washington.
Green Fire Production, Inc.
I-502 licensed cannabis | Tier 3 producer/processor operated in more than 30,000 square feet in two warehouse locations. 10th largest producer/processor in Arlington, Washington.
Green Firs Village
42-unit apartment community in Tacoma, Washignton.
Henderson Place Condominiums
Nine-unit apartment condominium building in West Seattle, Washington.
Hern
13.87-acre mixed use commercial property in Poulsbo, Washington.
ICP, Inc.
Sealant distributor in Woodinville, Washington.
JDH Investment Group
Diamond Valley Estates: 79 acres platted for 200 single family homes in Auburn, Washington.
Johnson Investment Company
107-unit apartment community located in Everett, Washington. Legal jurisdiction for this receivership was in Pierce County, Washington.
Jose T. Enciso
Single-family home in Fall City, Washington.
J.P. McGivney
Two single-family residential properties in Gig Harbor and Fox Island, Washington.
Karin Kay
Historic single-family residence zoned for commercial use in Bremerton, Washington.
Lane
Luxury single family residential property in Issaquah, Washington.
Lathrop Management and Investments, LLC and Seattle Gear Company, LLC
I-502 licensed cannabis producer/processor in Tacoma, Washington.
Law Office of James L. Strichartz
Law firm in Seattle, Washington.
Legacy Bellevue 530, LLC
Single family residential property in Seattle, Washington.
Linmar-Tacoma, LLC
Historic six story, 74,360 square foot office/retail building in Tacoma, Washington.
L&P Development
Portfiolio including multiple parcels of vacant land in Okanogan and Pierce Counties in Washington.
McClenahan
Auto repair facility in Bremerton, Washington.
McKay Chadwell
Single family residential property in Seattle, Washington.
Meydenbauer House
Condominium unit in Bellevue, Washington.
M&M Harbor Properties, LLC
Portfolio of seven distinct properties including an 11-unit apartment building, a multi-purpose commercial building, a 52-Unit storage facility, a 19-unit mobile home park, and two manufactured homes in Elma, Montesano, and Aberdeen, Washington.
Mountain Container
Shipping/cargo container sales and leasing business in Tacoma, Washington.
Muleskinners, Inc.
Commercial office building and an 11-unit apartment building located in Oak Harbor, Washington. Legal jurisdiction for this receivership was in Whatcom County, Washington.
NB Commons
Timberline on the Green, an 800+-unit student housing development in Pullman, Washington.
Northwest Hand Specialists, Inc., P.S.
Ambulatory surgery center focused on orthopedic surgery and sports injuries to the hand and wrists with offices in Shoreline and Woodinville, Washington.
Pacifica Counseling, LLC
Chemical dependency outpatient treatment services clinic in Seattle, Washington.
Pacific Cannabis Development
Cannabis holding company in Renton and Seattle, Washington.
Pak Lee
Multi-tenant retail building in Selah, Washington.
Parmenter
Portfiolio including working farm, residential properties, and multiple parcels of undeveloped land in Duvall and Redmond, Washington.
Pensione Nichols
Single family residential property in Seattle, Washington.
PicoBrew, Inc.
Consumer product development company that designed and manufactured home beer brewing appliances in Seattle, Washington.
Pinnacle-Steilacoom Boulevard, LLC
Medical office complex located in Tacoma, Washington. Legal jurisdiction for this receivership was in King County, Washington.
PTLHW Foods - Unified Grocers
Full service grocery store located in a shopping center in Normandy Park, Washington.
RCO Legal Services - Northwest Trustee Services
Law firm and a trustee company conducting 50,000 foreclosures per year in 17 different states.
Reserve Consultants NW, LLC
Consulting firm that advises on HOA/Condominium reserve accounts in Edmonds, Washington.
Ridgewood View, LLC
Eight-unit apartment building in Everett, Washington.
Ross Land & Cattle LLC
Multi-unit commercial building with commercial and retail tenants in Kingston, Washington.
Royal Creek LLC
15 planned and partially completed single family residential townhome structures in Renton, Washington.
Secret Harbor
Non-profit organization in Burlington, Washington providing therapeutic treatment for youth in crisis including essential foster care and in home treatment.
Seven Seas Investment, Inc.
Commercial property with a restaurant tenant in Bremerton, Washington.
Shiraz Specialty Pharmacy
Compounding Retail pharmacy that prepared custom medications for retail customers and had 30+ employees in Mountlake Terrace, Washington.
SH & SI Holdings, LLc
Partially completed townhome project in Seattle, Washington.
Steller, Inc.
Electronics components business in Kirdland, Washington.
Stocking Living Trust
22-Unit apartment building in Bremerton, Washington.
Surecrete, Inc.
Real property and business engaged in selling concrete products in Lynnwood, Washington.
Sustainable Fiber Technologies, LLC
Biotechnology company in Dayton and Renton, Washington.
Thompson
Six-unit apartment building in Seattle, Washington.
Tuncer, LLC
8-unit commercial building in Auburn, Washington.
Twenty Plus, LLC
I-502 licensed cannabis, Tier III producer/processor in Tacoma, Washington.
University Twenty, LLC
20-unit mixed-use apartment/retail building in Seattle, Washington.
Valley Dental
Dental practice in Renton, Washington.
VisibleBrands, Inc.
Digital in-store advertising technology company in Redmond, Washington.
Voight Creek Estates
Subdivision consisting of 17 finished but undeveloped lots in Orting, Washington.
V.S Investment Assoc.
Four partially completed lofts/single family homes plus single family home in two locations: Seattle and Marysville, Washington.
Welle Inc.
Importer, trader, & distributor of highway safety prodcts and warehouse for several national building and highway landscaping companies in Lakewood Tacoma, Washington.
Wong
Personal receivership with 90+MM in judgment liens and $65+MM in unsecured debt. Economic interests in multi-family real estate development firm with eleven (11) project level subsidiaries holding more than 1,500 units in design stage to operating.
Yacinde Condominium Association
48-unit lakefront condominiums with operating timeshares at Wapato Point Resort in Chelan, County. Legal jurisdiction for this receivership was in King County, Washington.