Opportunities in the New Reality
Asset Distress & Revitalization
“I think the game changer in the South Florida market has been the adoption of [the Uniform Commercial Real Estate Receiver] Act. The reality is that so much of our [distressed assets] activity is real estate driven, so a commercial real estate receivership act really makes a difference in our market.”
- Jeffrey Snyder
- Jeffrey Snyder
“Now what we’ll be seeing is more people investing money in existing projects, not just land… people will start putting deals together in a different way. The concept of preferred equity will become much more prevalent this year.”
- Suzanne Amaducci
- Suzanne Amaducci

Student Loan Debt: One of the economic consequences of COVID-19 has been increased difficulty for indebted students in paying off student loans. With the eventual lifting of the moratorium on payment obligations, and with uncertainty surrounding the new presidential administration’s agenda on student loan legislation, investors in student loan asset-backed securities (SLABS) can expect to see a rise in defaults and subsequent litigation seeking to recover losses.


Meet the Team

General Counsel, Head of Bankruptcy, CMBS Litigation and Workouts, Bankruptcy & Restructuring, Trial & Litigation, CMBS

Co-Head, CMBS and Real Estate Capital Markets, CMBS Transactional and Workouts Team, Real Estate, CMBS
Practices
Insights & Events
Special Assets – Talking Your Book: The Good, The Bad and The Ugly
CRE Finance Council
Suzanne M. Amaducci moderates theSpecial Assets – Talking Your Book: The Good, The Bad and The Ugly panel at the CRE Finance Council Miami 2024 Servicing Summit.The panel discusses originations, loan workouts, and asset performance across asset classes.
4 Trends That Will Shape Florida Real Estate in 2024
Commercial Observer
Bilzin Sumberg is on the front lines in identifying development and investment opportunities, securing entitlements and financing, negotiating and documenting workouts, counseling developers and investors in transactions, and navigating construction-related matters.
Episode 2: Foreclosures and Bankruptcy in the Age of COVID
Opportunities in the New Reality: Asset Distress and Revitalization
Bilzin Sumberg attorneys Jeffrey Snyder and Jake Greenberg discuss the nuances of foreclosures and bankruptcy as the economy emerges from the coronavirus pandemic and grapples with its fallout. They cover current developments related to this area of the law, and conduct a deep dive into a case with ...
Episode 1: Impending Wave of Distressed Assets & Common Types of Related Dispute...
Opportunities in the New Reality: Asset Distress & Revitalization Series
Litigation Practice Group Leader, Phil Stein, discusses the impending wave in distressed assets, types of disputes that commonly arise when an asset goes into distress, and lessons from the last recession.
Will CMBS litigation be the new RMBS litigation?
National Mortgage News
The economic havoc wreaked by COVID-19 may have the knock on effect of a wave of Commercial Mortgage-Backed Securities (CMBS) litigation, mirroring the deluge of Residential Mortgage-Backed Securities (RMBS) litigation following the 2008 financial crisis.
Hospitality Reboot: Post-COVID Opportunities and Transformation
University of Miami
Suzanne Amaducci moderates a panel discussion on Hospitality Reboot: Post-COVID Opportunities and Transformation as part of the University of Miami's U-Talk Real Estate Lecture Series.
Related Experience
$130 Billion in CMBS 2.0 Pools
Representation of B piece and special servicer clients, handling in excess of $130billion in 2.0 CMBSsecuritizations.
Loan Forbearances, Modifications, Restructurings, and Dispositions
Handled billions of dollars in distressed debt related to modifications, extensions, forbearances, discounted payoffs, and deeds in lieu of foreclosure.
Lead Bankruptcy Counsel in Las Vegas Hotel Chapter 11
Debtors' counsel to Fontainebleau Las Vegas Holdings, LLC, and two of its affiliates in their chapter 11 cases in the Southern District of Florida. The debtors had over $2 billion of funded debt, had used $500 million of equity, and were prosecuting claims for $800 million in unpaid additional finan...
Billions in Consents to Loan Assumptions and Equity Transfers
Representation of special servicers in connection with borrower requests for lender consent to various matters involving billions of dollars of performing CMBS loans including loan assumptions, equity transfers, loan modifications, forward and reverse 1031 exchanges, post-securitization mezzanine lo...
Restructuring and Pay Off of Hotel Loans with Over $1.4 Billion Aggregate Value
Representation of special servicer in the restructuring and ultimate pay off of several high- profile hotel loans including the $729.9 million loan secured by the Ritz-Carlton and JW Marriott Grande Lakes hotels in Orlando, Florida and the JW Marriott in Phoenix, Arizona; the $385 million loan secur...
Sale of Billions of Dollars of Loans
Handled the sale of billions of dollars of loans, including one bulk sale of 240 distressed real loans, with an aggregate outstanding balance in excess of $925 million.