Stephen J. Donell named limited purpose receiver for Oxford Financial

A Los Angeles court appointed Stephen J. Donell as limited purpose receiver for Oxford Financial, Inc. in a case involving two single-property real estate companies. The assignment puts him in charge of restoring compliance, filing overdue tax returns and helping determine the properties’ value and sale path.

Why it matters: - The receivership is meant to stabilize Oxford Financial, Inc. and two related property-owning entities while the case moves toward a resolution. - The court-supervised process could affect how the properties are valued, marketed and potentially sold. - The assignment also creates a framework for resolving compliance, tax and ownership issues tied to the properties.

What happened: - On Sept. 8, 2026, the Superior Court of California in Los Angeles appointed Stephen J. Donell as limited purpose receiver for Oxford Financial, Inc. - The appointment came by stipulation of the parties in Leon Ahdoot, et al. v. Shahram Mokhtarzadeh, et al., Case No. 25STCV14381. - The matter is before Judge Tiana J. Murillo. - Oxford Financial, Inc. serves as manager of Santa Monica Corner, LLC and Santa Fe Corner, LLC.

The details: - Donell’s court role is limited to specific duties authorized by the court. - His immediate focus is bringing Oxford Financial and both companies back into good standing with the California Secretary of State and the Franchise Tax Board. - Donell will prepare and file all outstanding tax returns. - He will determine the current market value of each property. - Subject to court approval, Donell will list and market the real estate for sale. - Donell will work with the parties on a negotiated buyout option. - Donell will also work, where commercially feasible, on plans to complete a 1031 exchange. - The appointment draws on Donell’s background as a Los Angeles court receiver and neutral fiduciary handling real estate, tax, governance and ownership disputes.

Between the lines: - The receiver appointment signals that the court is prioritizing control, transparency and an orderly path forward over continued conflict between the parties. - The inclusion of a potential buyout or 1031 exchange suggests the court is still leaving room for a negotiated outcome if the economics work. - Donell’s broader background in distressed properties and court-supervised administration indicates the matter may involve operational and ownership complexity beyond a routine property sale.

What's next: - Donell is expected to work through compliance cleanup, tax filings and property valuation first. - The court may later review any proposed sale or buyout terms. - If feasible, the parties may pursue a 1031 exchange as part of the resolution. - FedReceiver, Inc. identifies Stephen J. Donell as a court-appointed receiver with experience across state and federal matters involving real estate, businesses and government enforcement actions. - More information is available through FedReceiver’s announcement.