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Distressed Real Estate Solutions

Over the years, MPS has worked with various financial institutions serving the middle market, national and regional home builders, and regional commercial developers. For those clients active in this challenging market, our experienced commercial real estate, banking and bankruptcy attorneys handle a variety of matters in a highly skilled yet cost effective manner including:

    • Analyzing due diligence and structuring, negotiating and documenting financing
    • Acquisition and sales of notes (and loan portfolios) secured by distressed real estate
    • Formation of joint venture structures for acquisition of distressed loans and real estate
    • Loan workouts, forbearances, deeds-in-lieu, foreclosure proceedings and other debtor/creditor enforcement actions
    • Loan participation, agency and Intercreditor matters
    • Reorganization and liquidation in and out of bankruptcy
    • Addressing relevant bank regulatory issues

Recent transactions include the representation of:

  • Group of lenders in the deed in lieu of a $75 million condominium project in Chicago
  • Financial institution in the sale of a pool of residential property loans valued at over $225 million
  • Lender in bankruptcy proceedings filed by one of the largest privately owned Chicago area home builders
  • Lead lender in the sale of various loans secured by real estate throughout the Midwest
  • Lender group in the liquidation of a large Chicago area homebuilder
  • Participant in a loan participation where the lead lender misappropriated sales proceeds
  • Developer in bankruptcy proceedings to provide for a refinance of a shopping center
  • Seller in settlement of the senior and mezzanine debt by the sale of a high-profile troubled real-estate development project.
  • Liquidating estate in bankruptcy for a privately owned, national home builder
  • Secured lender in Chapter 11 proceedings filed by two large hotel owners
  • Owner of a high rise condominium development in Chapter 11 proceedings to provide for the orderly sale of the project to new investors
  • National homebuilders in the acquisition of improved and partially improved lots in stalled or failed subdivisions
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