Represented borrower in connection with default under a $63 million construction loan and dispute with the general contractor. Negotiated settlement of the dispute with the general contractor and closed $93 million takeout loan to repay the construction loan and complete the project.
Represented client/lender in restructure of a $40 million commercial loan and subsequent acquisition of the borrower as a going concern through a strict foreclosure under Article 9.
Represented client in acquisition of $35.1 million commercial real estate loan and subsequent deed in lieu of foreclosure.
Represented client in acquisition of $101 million defaulted commercial real estate loan from three Cayman Island exempt companies and subsequent workout with the borrower.
Represented lender in all aspects of the restructure of its senior secured debt and recapitalization of the borrower, a U.S. entity, and its parent guarantor, a British Virgin Islands company.
