From first notice of default to final conveyance of property or loan resolution, complex transactions related to real property secured loans, such as real estate workouts and commercial mortgage-backed securities (CMBS) lending, require experienced representation.
Experience
Workout of a Chicago Manufacturing Facility
Represented a CMBS Noteholder in the full recovery, including yield maintenance, of a $23 Million defaulted loan secured by a manufacturing facility in Chicago, IL.
Secured Lender Real Estate Receiverships
Represented secured lenders in more than 75 real estate receiverships throughout Washington, with loan balances ranging up to $35 million.
Restructuring and Workouts
Represented CMBS special servicer in restructuring and working out loans, including discounted payoffs.
Receivership of Issaquah Group, LLC
Represented general receiver in successful completion of constructions and full sell-out of condominium project.
Office Loan Workouts
Represented a CMBS special servicer in the connection with the restructuring of loans secured by office buildings in Costa Mesa, CA, Cerritos, CA, and Los Angeles, CA.
Mortgage Repurchase Litigation
Represented CMBS special servicer in mortgage repurchase litigation in New York State Court against loan originator.
Hotel Loan Workouts
Represented ownership in the restructuring of real estate loans secured by hotels throughout the United States.
Hotel Deed-in-Lieu Transactions
Represented a CMBS special servicer in the negotiation of deed-in-lieu transactions involving hotels in Deerfield and Lincolnshire, IL.
Health Club Loan Workout
Represented a CMBS special servicer in connection with the restructuring of a loan secured by a health club in Chicago, IL.
Disposition of Hotels
Represented a CMBS Noteholder in the disposition of numerous limited service hotels in the Pacific Northwest and California.
Credit Suisse v. Tamarack Resort LLC
Fourth Judicial District of Idaho, Valley CountyCounsel to receiver appointed to manage ski resort.
Chicago Hotel Portfolio Loan Workout
Represented a CMBS special servicer in the restructuring of three cross-collateralized loans secured by boutique hotels in Chicago, IL.
Assumptions
Represented special servicers and borrowers in assumption of CMBS loans.