We are a preeminent New York law firm with a track record of proven results for over 50 years.
Transition of Troubled Loans to New Ownership
We have represented banks in many transactions where it is clear that the underlying business or project is viable, but the current ownership team lacks the skills, resources or experience to complete the project. In many of these cases, the lender has identified a replacement operator, and permitted the new operator to assume ownership of the project and the existing financing. In some cases, these transactions have permitted the original borrowers to avoid individual level liability.