Skip Navigation LinksServices > Real Estate & Environmental > Workout & Foreclosure


Workout & Foreclosure

  • OVERVIEW
  • PROFESSIONALS
Our real estate attorneys, teaming with attorneys from our Financial Restructuring practice, handle all types of real estate workouts and commercial foreclosure work for financial institutional clients. We have long-standing relationships with many of the major U.S. and international banks and have represented them in loan transactions throughout the country.

Paul M. Macon

314.552.6074
email

Gary L. Plotnick

312.580.2236
email

Mark V. Bossi

314.552.6015
email

Francis X. Buckley, Jr.

312.580.2210
email

Partners
Bossi, Mark V.
Buckley Jr., Francis X.
Buesching, Matthew R.
Burke, Halpin J.
Hansen, Clinton P.
Kelly, Cheryl A.
Lang, Richard J.
Macon, Paul M.
Plotnick, Gary L.
Ross, Michael E.
Rubin, David H.
Smith, Gayle L.
Associates
Simmons, Jennifer A.
  • We managed a workout/foreclosure that included foreclosing on more than 400 residential lots in five counties and two states and included property that was located in 12 subdivisions.
  • $165 million workout where the loan is in default and the primary collateral for the loan was a newly constructed cement plant with various construction and lien-related issues with respect to disbursements.
  • $15 million loan to a borrower for the acquisition and development of certain property subject to a Redevelopment Agreement. The borrower defaulted on the loan, and the bank took back the property via deed in lieu of foreclosure. The Redevelopment Agreement is the subject of an ongoing lawsuit filed by a school district challenging the "blight" of the area.
  • Purchase a chain of 29 retail stores located throughout the U.S. out of bankruptcy pursuant to a Plan of Reorganization confirmed in the seller's bankruptcy case. Client also provided debtor in possession financing to the seller during the case.