Receiver Appointment for Foreclosed Malls
Special Servicer
Representation of a leading special servicer in a high-stakes commercial mortgage foreclosure involving active shopping malls. Successfully secured appointment of a court-ordered receiver to take possession, manage operations, collect rents, and market the property for sale, thereby preserving the value of the assets..
Related Practices
RELATED PEOPLE
General Counsel, Head of Bankruptcy, CMBS Litigation and Workouts
Head, CMBS and Real Estate Capital Markets
Partner
MORE EXPERIENCE
Handled billions of dollars in distressed debt related to modifications, extensions, forbearances, discounted payoffs, and deeds in lieu of foreclosure.
Oversaw the servicing of over $6 billion worth of hotel loans involving sales and loan assumptions, restructurings, mergers, deeds-in-lieu of foreclosure, forbearances and other workouts, changes in franchises/ flags, operating/ master lease issues, private equity takeovers, changes in management, e...
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...