Supervised $1 billion in hotels loans

Represented special servicer in the administration, servicing and resolving of hotel loans in the aggregate amount of $1 billion. Representation involved work-outs, forbearances, restructurings, sales, assumptions and transfers of beneficial interests, coordination of foreclosures and state and federal court-appointed receiver sales, deeds-in-lieu of foreclosure, transition of hotel franchise/flag, management and liquor licenses, PIP construction issues and equipment leasing.
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Susan J. Pontigas

Susan J. Pontigas

Of Counsel
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Experience
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...
Experience
Handled billions of dollars in distressed debt related to modifications, extensions, forbearances, discounted payoffs, and deeds in lieu of foreclosure.
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