Commercial Real Estate Portfolio and CMBS Loan Workouts: Forbearance, Foreclosure and Bankruptcy
Protecting Lender and Borrower Interests When Dealing With Distressed Loans
Recording of a 90-minute CLE webinar with Q&A
This CLE webinar will provide lenders’ and borrowers’ counsel with an overview of the benefits and limitations of real estate loan workout agreements and alternatives to foreclosure. The panel will explain best practices for negotiating forbearance agreements and minimizing risks associated with borrower bankruptcy. The program will also discuss unique issues and considerations for restructuring CMBS loans.
- Alternatives to foreclosure
- Forbearance agreements
- CMBS loans and special servicers
- Bankruptcy risks and issues
The panel will review these and other key issues:
- When are loan workouts an optimal — or even viable — option for borrowers and lenders?
- What critical provisions must be contained in the forbearance or waiver agreement?
- What unique risks does the borrower's bankruptcy pose and how can counsel minimize these risks in crafting loan workouts?
- What are the specific and complex rules that special servicers face when resolving defaulted CMBS loans?
Ren R. Hayhurst
Mr. Hayhurst's practice focuses on all aspects of lender representation, including real estate and commercial... | Read More
Mr. Hayhurst's practice focuses on all aspects of lender representation, including real estate and commercial loan documentation, real estate loan workouts and foreclosure, receivership and loan/guaranty enforcement litigation. He has negotiated and documented standard and revolving line of credit loans for the acquisition, development and construction has documented and closed loans involving real property security in every State in the country, and negotiated and documented real estate syndication/participation loans and REMIC conduit loan packages. His experience also includes the negotiation and documentation of syndicated and non-syndicated secured and unsecured loan facilities, bond financings, acquisition financings, asset based loan facilities to middle market companies, debt restructurings and letter of credit facilities.Close
Jeffrey S. Pitcher
Mr. Pitcher focuses on distressed real estate and real estate development, finance, and leasing. He represents clients... | Read More
Mr. Pitcher focuses on distressed real estate and real estate development, finance, and leasing. He represents clients on a variety of distressed projects. He advises institutional lenders and special servicers on workouts and restructurings, and investors in the purchase of distressed assets. He is experienced in the acquisition, financing, and sale of commercial properties and in the negotiation and drafting of commercial office leases, guaranties, and related occupancy agreements.Close
Matthew G. Summers
Mr. Summers represents creditor committees, debtors, equipment lessors, landlords, indenture trustees,... | Read More
Mr. Summers represents creditor committees, debtors, equipment lessors, landlords, indenture trustees, manufacturers, mezzanine lenders, officers and directors, secured creditors, trustees, and other parties-in-interest in all aspects of bankruptcy cases and bankruptcy-related litigation. He also represents numerous lenders, special servicers, and receivers in commercial foreclosure and receivership proceedings, involving a wide range of building types, including large industrial complexes, shopping centers, apartment complexes, and office buildings.Close