IN THE UNITED STATES BANKRUPTCY COURT

FOR THE NORTHERN DISTRICT OF ILLINOIS

EASTERN DIVISION

) In re: ) Chapter 11

) TRINITY 83 DEVELOPMENT, LLC, ) Case No. 16-24652

) Debtor. ) Hon. Deborah L. Thorne

) RECEIVER'S EIGHTEENTH AND FINAL REPORT, INCLUDING

JANUARY 1, 2018 THROUGH JANUARY 31, 2018

ColFin Midwest Funding, LLC, ("ColFin"), by and through its attorney Lauren Newman

of Thompson Coburn LLP, hereby submits the attached Receiver's Eighteenth and Final Report,

including for the period from January 1 , 20 1 8 through January 3 1 , 20 1 8, containing financial

reporting and information for the real property located at 19100 S. Crescent Drive, Mokena,

Illinois (the "Property"), and in support thereofstates as follows:

1. On August 4, 2016, ColFin filed a motion seeking an order retaining the state

court appointed receiver, under 11 U.S.C.  543(d)(1). Docket No. 12.

2. Prior to the petition date, ColFin filed a Verified Complaint in Chancery seeking

to foreclose its mortgage and for other relief, in the Circuit Court ofthe Twelfth Judicial District,

Will County, Illinois (the "State Court"), entitled ColFin Midwest Funding, LLC y. Trinity 83

Development, LLC, case no. 15 CH 1152 (the "State Court Action").

3 . On July 20, 20 1 5, a receiver was appointed in the State Court Action to manage

the Property, and the court appointed Al Lieberman of the Michigan Avenue Real Estate Group,

LLC, as the receiver (the "Receiver") for the Property. The Receiver has been in possession of

the Property since July, 2015.

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4. At the first hearing on ColFin's motion to excuse the Receiver from turning over

possession of the Property to the Debtor, pursuant to Section 543(d)(1) of the Code, this Court

allowed the Receiver to remain in possession of the Property while the motion was in the process

of being briefed and decided.

5. On March 16, 2017, this Court granted ColFin's motion, and entered an Order

retaining the Receiver to manage the Property. Docket No. 119.

6. An auction sale of the Property was held at the offices of counsel for the Debtors on

December 1 1 , 20 1 7. The auction resulted in a successful bidder purchasing the rights to buy the

Property, and this Court approved the sale on December 27, 2017.

7. On January 3 1 , 201 8, the sale of the Property closed, and the Receiver turned over

possession ofthe Property to the purchaser.

8. The Receiver has prepared the Eighteenth and Final Report, which will be

approved in the State Court Action. The Final Report contains financial information for the past

year, along with specific account information for the eighteenth month of the case, for the period

from January 1, 2018 through January 31, 2018, which shows a balance of $200,121.82 in the

Receiver's operating account. A true and correct copy ofthe Final Report ofthe Receiver, which

also includes account information for the period from December 1, 20 1 7 through December 3 1,

20 1 7, is attached hereto as Exhibit A.

9. Also attached is the Receiver's last invoice for his fees and costs of $1,056.25,

which will be deducted from the account, when the Final Report is approved in the State Court

Action. Exhibit B, attached hereto.

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10. Since the State Court appointed the Receiver, and the Receiver's bond is with the

State Court, ColFin will be seeking approval of this last and Final Report from the State Court,

so that Final Report can be approved and the Receiver released from his duties and discharged

from his bond.

Dated: February 8, 2018 Respectfully submitted,

ColFin Midwest Funding, LLC

Creditor,

By:_/s/ Lauren Newman

One of Its Attorneys

LaurenNewman, Esq. (IL BarNo. 6188355)

Thompson Coburn LLP

55 East Monroe, 37th Floor

Chicago, Illinois 60603

Telephone: (312) 580-2328

Fax: (312) 580-2201

lnewman@thompsoncoburn.com

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CERTIFICATE OF SERVICE

The undersigned, a non-attorney, being first duly sworn on oath, deposes and says that

she served a copy of the Receiver's Eighteenth and Final Report for the Period from

January 1, 2018 through January 31, 2018, via ECF or U.S. Mail, as designated below, on

February 8, 2018.

Is! Arianna Thornton

Trinity 83 Development, LLC

6325 Elm Street

Willow Brook, IL 60527

(Via US Mail)

Gina B. Krol, Esq.

Cohen & Krol

i 05 West Madison Street, Suite 1 100

Chicago, IL 60602

(Via ECF)

Patrick S. Layng

Office ofthe U.S. Trustee

219 S. Dearborn Street

Room 873

Chicago, IL 60604

(Via ECF)

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