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Counsel to S&G Financial Services Inc., a Mezzanine and Mortgage Lender, in Bankruptcy

S&G Financial Services Inc.
Counsel to S&G Financial Services Inc., a mezzanine and mortgage lender to Puig, Inc., a large condo converter/developer, and its affiliated debtor and non-debtor entities which proved to be engaged in a massive Ponzi scheme.
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Jay M. Sakalo

Jay M. Sakalo

Partner, Business Finance & Restructuring and Corporate Practice Group Leader
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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
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...
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