Distressed Real Estate Assets
Extracting value from distressed or failing real estate assets is delicate work, involving multi-party negotiations where discretion and delicacy in dealing with the participants are paramount.
Creative bankruptcy, workout and investment solutions are implicit in the relationships between concerned parties and stakeholders. Decades of experience has given us a finely tuned capacity to work flexibly and productively with business professionals, local counsel and lawyers representing third parties to achieve our client’s desired results.
Clients rely on this experience in connection with real estate loan workouts, bankruptcy actions and the acquisition of distressed loans and real estate in foreclosure. We are careful to understand our clients’ ultimate disposition strategies, which can vary widely.
In the distressed investment arena, we negotiate and draft pre-negotiation letters, forbearance agreements, loan modifications and workout agreements. We also work on loan sales and enforcement actions under loans in distressed situations.
Our bankruptcy representations are supported by the full collaborative efforts of our firm, including the skills of our tax, litigation and bankruptcy attorneys.