Supor Properties seeks access to cash collateral as it pursues sale

By Sarah Lizee

Olympia, Wash., April 4 – Supor Properties Enterprises LLC is seeking approval to access the cash collateral of its prepetition lenders as it pursues an asset sale, according to a motion filed Wednesday with the U.S. Bankruptcy Court for the District of New Jersey.

The company said it negotiated the cash collateral use with lenders 1000 Frank E. Rodgers 1, LLC and 1000 Frank E. Rodgers 2, LLC.

The Kearny, N.J.-based single asset real estate company filed bankruptcy on April 2 under Chapter 11 case number 24-13427.

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