Acquisition and restructuring of defaulted loan from bank

Swiss real estate developer
Represented a Swiss citizen in the acquisition of a $50 million defaulted bank loan. The loan was secured by 250 acres to be developed through a joint venture into single family homes and townhomes.
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Experience
Handled billions of dollars in distressed debt related to modifications, extensions, forbearances, discounted payoffs, and deeds in lieu of foreclosure.
Experience

Representation of debtor in possession in the chapter 11 case of Cabi Downtown LLC, the owner of an 849-unit condominium project owing over $250 million to a bank consortium, defaulting unit purchasers, trade creditors, and its general contractor. The case was the first large condominium filing i...

Experience
Representation of B piece and special servicer clients, handling in excess of $22 billion in new securitizations in 2013-14.
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