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 weakening 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. Dave Barksdale served on a panel of real estate finance attorneys that explained the benefits and limitations of workout agreements and outlines best practices for owners, developers, and lenders involved in negotiating workout agreements.
Related Practices
Bankruptcy, Reorganization and Capital Recovery
Commercial Real Estate Recovery
Real Estate