Counsel to REMIC mortgage lender to Daytona Beach hotel project that filed chapter 11 with 78 affiliated entities and was jointly administered under the lead case of Bray & Gillespie Management LLC, case No. 08-05473, in the Middle District of Florida. On behalf of the lender, we sought relief from the automatic stay and opposed the debtors' efforts to substantively consolidate their operations. Our team took the pivotal deposition of the debtors' CFO, which disclosed critical information supporting multiple mortgagees' efforts to oppose the debtors' motion for substantive consolidation. On the eve of the motion for stay relief hearing, the debtors effectively agreed to resolve the stay relief motion by providing for the turnover to the lender of the hotel project pursuant to a plan of reorganization, thereby allowing the transfer to take place without incurring applicable transfer taxes.
Successful representation of California bank in complex mortgage foreclosure debt recovery action through state court and bankruptcy court in the Southern District of Florida, which resulted in the criminal indictment of the borrower´s principal for bank fraud.
Representation of Oleta Partners, LLC, a joint venture comprised of affiliates of the LeFrak Organization and Turnberry Associates, in the successful negotiation of the long-term ground lease and complicated leasehold financing for a 185-acre brownfields redevelopment site in the City of North Miami...