Special Situations & Restructuring
During economic downturns real estate owners and lenders may face difficult situations driven by various factors including adverse local and macroeconomic conditions, pending debt maturities, misaligned capital structures, volatile interest rates, and disagreements about strategic direction. Regardless of the specific cause, these challenges often lead to disputes over cash flow projections, asset values, distributions of capital, and how to achieve desired outcomes. When the stakes are high and objectives among stakeholders diverge, restructuring either in or out of court is inevitable
Our extensive involvement in high-profile bankruptcies throughout our careers has endowed us with unparalleled expertise in workouts and distressed debt management. We have adeptly navigated complex restructuring assignments with multi-tranche secured and unsecured creditors, contract service providers, and equity shareholders. We utilize our experience to analyze these multiparty situations to develop an understanding of the stakeholder goals and then negotiate agreements that achieve broad-based approval. Fundamental to this work is our tenacious and persistent efforts to achieve desired outcomes.
Representative Services Include:
- Turnaround consultation and execution
- Interim management and development services.
- Debt and equity restructuring.
- Refinancing and discounted payoffs negotiations
- Stakeholder mediation
- Foreclosure actions
- Expert witness testimony
- Asset/Debt/REO & dispositions
- Trustee and receivership services