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$275 Million Mezzanine Loan Default Litigation

Shareholders and Lenders
Representation of shareholders and lenders in litigation against luxury condominium developers in regard to default on a $275 million mezzanine loan and owner-controlled insurance programs.
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Adrian K. Felix

Adrian K. Felix

Partner
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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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