Speaker
David A. Barksdale
Program
In the current credit market crisis, owners and developers of financially troubled real estate projects must keep properties and developments afloat despite waning cash flows and weakened property values. Lenders are facing late payments and seeking new ways to recover on real estate loans.
Workout agreements allow loans to be restructured to protect an owner's interest in property and the lender's investment. Counsel for both parties must strategically negotiate such agreements to ensure that their clients can pursue their original remedies in the event that the workout fails.
A panel of real estate finance attorneys explains the benefits and limitations of workout agreements. The panel will provide their experienced guidance and offer best practices for negotiating workout agreements for owners, developers, and lenders.
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