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Representative Matters

  • Restructuring of a $14 million mortgage loan portfolio secured by multiple properties in Texas.
  • Modification and extension of a $13 million mezzanine loan secured by a pledge of ownership interests in an office building in New Jersey.
  • Modification and extension of a $14.75 million mortgage loan secured by a multifamily apartment building in South Carolina.
  • Representation of a lender with loan extension documents and reaffirmations of guarantees in connection with the extension of the maturity date and change of interest rate on a $7 million loan.
  • Representation of a lender with a credit loan extension and amended loan documents, side letter and reimbursement agreements in connection with letters of credit as well as a forbearance letter in connection with a multi-property secured credit line, which was increased and extended in order to correct a problem with reimbursement of issued letters of credit.
  • Representation of a lender in a forbearance agreement, which amended the interest rate and repayment date of the loan. The lender and borrower reached a settlement agreement after we started a foreclosure action.
  • Sale of a distressed $10 million loan in the process of foreclosure, with collateral subject to investigation by governmental authorities, to an investor in distressed loans who was willing to take over the foreclosure.
  • Representation of a mezzanine lender in the successful U.C.C. Article 9 foreclosure sale of limited liability company membership interests in connection with real property located in Brooklyn, New York.
  • Representation of a publicly traded New Jersey-based bank in a commercial mortgage foreclosure lawsuit involving a $12 million loan secured by property in Queens, New York.
  • Securing summary judgment in a commercial foreclosure action on behalf of a syndicate of lenders in connection with a $72 million loan and then selling the mortgaged property (an office tower in Newark, New Jersey) via a receiver sale.
  • Mezzanine loan foreclosure on a $2.5 million mezzanine loan secured by a pledge of ownership interests in a multifamily apartment building in Brooklyn, New York, and the simultaneous modification of the $26 million mortgage loan securing said property with the senior loan lender.

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