Description
Gain the tools to effectively advise clients facing default, underwater commercial real estate loans, or troubled loan guarantees. Larry Woodard, a seasoned practitioner, leads a 90-minute presentation that focuses on the best practices for crafting loan workout agreements that safeguard all parties’ interests, reduce lender liability, and mitigate risks tied to borrower bankruptcy.
Discussion includes:
> Loan Workout Methods and Means
- Pre-Negotiation Agreements
- Forbearance Agreements and Loan Modifications
- Deeds in Lieu of Foreclosure
- Deeds in Lieu in Escrow
- Consenting to Foreclosure
- Short Sales
- Recourse Carveout Ramifications
- Equity of Redemption Issues
> Specific Loan Workout Issues
- Securitized Loans, CMBS and Special Servicers
- Guaranties and Recourse Debt
- Guaranty Carve Outs
- Guaranty Collectability
- Bankruptcy Risks
> Loan Enforcement
- Judicial vs Non-Judicial Foreclosures
- Receivership Pros and Cons
- Uniform Receivership Act
- Sales through Receivership or Foreclosure
> Lender Takeover
- Lender Due Diligence
- Leasing Issues
- Construction
- Lender Liability Risks
Register today! Questions will be submitted live to the faculty and all registrants will receive downloadable course materials to accompany the program.
This CLE program is for attorneys who advise borrower/lender clients on remedies for non-performing commercial mortgage loans.