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Unwinding a Commercial Real Estate Transaction Gone Bad, Part 1

July 27, 2021 @ 12:00 pm - 1:00 pm

When a real estate project goes bad for whatever reason – sales are slow or at prices below projections, leasing is slow, or there are extensive cost-overruns or regulatory delays – developers, investors, lenders, and others are left scrambling to restructure the project and salvage any value or at least limit losses. This often involves restructuring or possibly refinancing a loan.  It may also involve additional equity.  Another option is selling the project, if possible.  These processes can be complicated by the nature of the investors and lenders involved.  This program will provide you with a practical guide to restructuring troubled real estate projects.

Handout Materials will be emailed to you prior to the seminar
$60.00
1.0 MCLE Credit Hour

Schedule:

  • Practical strategies for unwinding real estate deals outside of bankruptcy or litigation
  • Negotiating, structuring and drafting the restructuring of failed real estate projects
  • Underlying economics and tradeoffs of real estate restructuring
  • Types of sellers and their impact on restructuring – individual owner, institutional, joint venture, private equity
  • Complications and limitations involving syndicated loans, CMBS loans, and REMICs
  • Navigating seller issues – personal guaranties, ongoing management fees, upside participation, reputation

Speaker:

Anthony Licata, Taft Stettinius & Hollister LLP – Chicago