Author: W. Wade Berryhill
Publisher: Wolters Kluwer
ISBN: 0735511217
Category : Law
Languages : en
Pages : 1489
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Book Description
Structuring Commercial Real Estate Workouts: Alternatives to Bankruptcy and Foreclosure, Second Edition presents a concise introduction to the legal and business considerations involved in real estate loan workouts. It is designed to aid lenders, borrowers and their legal counsel in confronting the variety of issues encountered in working out an acceptable solution to the dilemma posed by a loan in default. The parties associated with a defaulting loan face a number of potential pitfalls, ranging from imminent insolvency of the borrower (and the diminution in value or loss of a lender's security interest) to draconian penalties incurred through liability for environmental hazards present on the property. Structuring Commercial Real Estate Workouts introduces the varied issues, discusses the limitations and advantages of foreclosure and other remedies, and presents suggestions for guiding potential alternative courses of action. The Second Edition features extensive coverage of environmental liabilities that may arise under federal statutes and regulations such as RCRA and CERCLA and how lenders can avoid or minimize these liabilities. A new chapter has been added on the state mini-RCRAs and CERCLAs, necessitated by the growing importance of state environmental laws to real estate financing. A detailed discussion is presented on the laws and programs that have been developed to minimize lender liability at andquot;brownfieldsandquot; sites in urban areas. Excellent coverage is provided for such key areas as prepackaged plans, single asset real estate cases, cash collateral and adequate protection, deeds in lieu of foreclosure and dealing with guarantors and other sureties.
Author: W. Wade Berryhill
Publisher:
ISBN: 9780735513075
Category : Commercial real estate
Languages : en
Pages : 0
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Book Description
Author: Larissa Vladimirovna Belova
Publisher:
ISBN:
Category :
Languages : en
Pages : 318
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Book Description
Author: Stanley M. Stevens
Publisher: Aspen Publishers
ISBN: 9780131518537
Category : Business & Economics
Languages : en
Pages : 602
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Book Description
This up-to-date manual will help you analyze the factors that affect the workout decision, understand the pros and cons of each possible solution, and determine exactly what leverage you have. The authors discuss the real estate market and why the current climate is allowing for the easier consummation of workouts. They define a workout and describe an investment analysis approach to the initial determination of whether it makes sense to foreclose. How to formulate a workout strategy both from the borrower's and the lender's perspectives is then explained, with specific strategies given for workout negotiations. Also discussed in detail are the following possible pitfalls that each side must address: tax implications, bankruptcy, lender liability threats, and environmental risks of the real estate, inclduding the problem of 'brownfields'.
Author: Stuart M. Saft
Publisher: West Group Publishing
ISBN:
Category : Bankruptcy
Languages : en
Pages : 1440
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Book Description
Author: Kevin J. Dunlevy
Publisher:
ISBN:
Category : Bankruptcy
Languages : en
Pages : 111
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Book Description
Author: W. Wade Berryhill
Publisher:
ISBN: 9780735511217
Category : Commercial real estate
Languages : en
Pages : 0
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Book Description
Author: Robert C. Goodrich
Publisher:
ISBN:
Category : Bankruptcy
Languages : en
Pages : 135
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Book Description
Author: Craig Furfine
Publisher:
ISBN:
Category : Business & Economics, Investments & Securities, Real Estate
Languages : en
Pages : 4
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Book Description
In 2010 Drive Property Solutions, a special servicing firm in Chicago, had partnered with Spiner Capital to win an FDIC auction of distressed debt. Included in that auction was the defaulted mortgage note on Northwinds Community Crossing, a retail strip mall in suburban Savannah, Georgia, which had been in default since November 2009. Sam Schey, an asset manager at Drive, needed to decide how to maximize recoveries from the nonperforming loan.
Author: Insight Information Inc
Publisher:
ISBN: 9781550494518
Category : Commercial buildings
Languages : en
Pages :
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Book Description
