One-Stop Shop for Distressed Properties and Loans
When it comes to the successful resolution of a distressed real estate investment, there is more at stake than just getting the loan in balance quickly.
CGS3 guides borrowers and lenders in developing and implementing innovative structures for commercial real estate workouts that resolve an asset’s immediate cash flow needs and ensures long-term flexibility that will maximize the value of the client’s investment – be it a property or a commercial real estate loan.
Our collective experience creates a “one-stop shop” for working out distressed properties and loans. CGS3 lawyers have handled over $2 billion of workouts and the sale of nearly $1 billion of real estate assets through the judicial process over the last six years. In each of those transactions, our attorneys have counseled clients in complicated loan renegotiations, foreclosure and guaranty enforcement actions, receivership and bankruptcy sales, REO sales and asset repositioning.
Due to the depth of our experience, we understand how current and future use and ownership, leasing, management and financing issues all come into play when evaluating various resolution strategies. Our talented team recognizes that a successful resolution strategy may involve more than just one legal or real estate discipline, and we apply that broadmindedness to our analysis of workouts.
CGS3 lawyers also understand that any workout is inherently driven by relationships. In that regard, we have developed and maintained extensive industry contacts in the borrower, investor, lender and servicer circles and we leverage those relationships for our clients’ benefit.
CGS3’s distressed asset practice is at the forefront of the following areas of the distressed real estate life cycle:
- Loan restructurings
- Loan sales
- Leasing and evictions
- Deed in lieu transactions
- Foreclosure proceedings
- Guaranty enforcement actions
- Receivership and bankruptcy
- Short sales, receivership sales and REO sales