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Assisted Developer of Distressed High-Rise Condominium

Real Estate Developer

Representation of the developer of a distressed downtown Miami high-rise condominium in the closeout of all construction liens, loan restructuring, and release of guarantee on a $140 million syndicated loan agreement.

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Joy Spillis Lundeen

Joy Spillis Lundeen

Partner, Construction 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...

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