Real Estate Workouts, Restructurings and Distressed Debt

We have extensive experience resolving concerns specific to real estate owners and developers, large financial institutions, private equity and hedge fund investors and lenders, insurance companies, and government agencies. Clients appreciate that we take the same practical approach to restructuring as we do to getting their deal done in the first place.

Additionally, our preeminent Condominiums practice (which is also the largest in New York State) affords us the insight to provide unique guidance in restructuring workouts and recapitalizations involving condominium and cooperative projects, which can impact the value of the underlying assets being restructured.

Our team has represented a variety of creditors and numerous creditors’ committees in complex and contested bankruptcies involving real estate assets and distressed debt. For example, we advised the official committee of unsecured creditors of Eagle Hospitality, a large REIT that owned and operated hotels throughout the United States. We also routinely advise real estate investors seeking to acquire real estate assets or distressed debt of borrowers that have filed (or may file) for Chapter 11. In addition, we counsel sophisticated lenders seeking to provide exit financing or DIP loans to Chapter 11 debtors with large real estate portfolios.