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.

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Overview

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 County

Counsel 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.

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