Contact

Mark Birnbaum

PHONE: 310.788.3228
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Real Estate Workouts

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Overview

The Perkins Coie Real Estate Workouts group represents lenders, loan servicers and receivers in a variety of transactions related to real property secured loans. From first notice of default, to final conveyance of property, the team has worked on thousands of workouts and transactions involving commercial loans secured by real property.

The group has a wealth of experience on transactions with properties located throughout the country, including single asset workouts, multi-asset workouts or multi-state transactions. The cross-practice Perkins Coie team includes members of the real estate, bankruptcy and litigation groups.  Team members have extensive experience advising clients not only on default, foreclosure, forbearance or workout process within the various states in which they are located, but also on ancillary issues that arise during a workout, including tax, environmental and bankruptcy matters.

Services the group provides include:

  • Modifications
  • Assumptions
  • Lease Reviews and Consents
  • Judicial and Non-Judicial Foreclosures
  • Forbearance Agreements
  • Condemnation Actions
  • Receiverships and Interim Property Management
  • Bankruptcies
  • Yield Maintenance Prepayment Disputes
  • Discounted Payoffs
  • Guarantor Actions
  • Replacement Loans
  • Subordination of Equity Transactions
  • Sales of Real Estate Owned (REO)
  • Deeds in Lieu of Foreclosure