Mezzanine Lender in Chapter 11 Proceedings for Tampa Condominium Project

Bankruptcy of luxury condominium project

Representation of the mezzanine lender with the largest unsecured claim in the chapter 11 case of Towers of Channelside, a luxury condominium project in Tampa, Florida, in attempting to maximize value in a challenging real estate market.

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Jeffrey I. Snyder
General Counsel, Head of Bankruptcy, CMBS Litigation and Workouts
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Experience
Representation of B piece and special servicer clients, handling in excess of $130billion in 2.0 CMBSsecuritizations.
Experience
Handled billions of dollars in distressed debt related to modifications, extensions, forbearances, discounted payoffs, and deeds in lieu of foreclosure.
Experience
Debtors' counsel to Fontainebleau Las Vegas Holdings, LLC, and two of its affiliates in their chapter 11 cases in the Southern District of Florida. The debtors had over $2 billion of funded debt, had used $500 million of equity, and were prosecuting claims for $800 million in unpaid additional finan...
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