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Chapter 11 Counsel to Debtor-Developer of High-Rise Condominium Project

Cabi Downtown, LLC

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 in South Florida after the 2005-2007 real estate boom. Debtor's plan was confirmed in December 2010.

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Jeffrey I. Snyder

Jeffrey I. Snyder

Partner, Assistant General Counsel
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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
Corporate restructuring of 25-year-old institutional real estate investment and development firm that has managed more than a billion dollars in assets. Assisted with the development of a "shared vision" by company stakeholders who held somewhat disparate views. Creation of a consensus corporate str...
Experience
Representation of joint venture between Starwood Hotels & Resorts and The Related Group of Florida regarding zoning and land use for the redevelopment of the six-star St. Regis Bal Harbour. The $1.5 billion project, located across from the Shops at Bal Harbour, consists of 285 condo-hotel units ...
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