Unwinding a Commercial Real Estate Transaction Gone Bad, Part 1 Out of Stock
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About the Seminar - Computer Based Audio ONLY programs (No Video) - DOES NOT QUALIFY FOR CLE BIG TICKET
When a real estate project goes bad for whatever reason - sales are slow or at prices below projections, leasing is below break-even, or there are extensive cost-overruns or regulatory delays - developers, investors, and others are left scrambling to restructure the project and salvage any value or at least limit losses. This often involves restructuring or possibly refinancing a loan. It may also involve seeking additional equity. Another option is selling the project, if possible. These processes can be complicated by the nature of the investors and lenders involved. This program will provide you with a practical guide to restructuring troubled real estate projects.
Part 1:
-Practical strategies for unwinding real estate deals outside of bankruptcy or litigation
-Negotiating, structuring and drafting the restructuring of failed real estate projects
-Underlying economics and tradeoffs of real estate restructuring
-Types of sellers and their impact on restructuring - individual owner, institutional, joint venture, private equity
-Complications and limitations involving syndicated loans, CMBS loans, and REMICs
-Navigating seller issues - personal guaranties, ongoing management fees, upside participation, reputation
About the Speaker
Anthony Licata is a partner in the Chicago office of Taft Stettinius & Hollister LLP, where he formerly chaired the firm's real estate practice. He has an extensive practice focusing on major commercial real estate transactions, including finance, development, leasing, and land use. He formerly served as an adjunct professor at the Kellogg Graduate School of Management at Northwestern University and at the Illinois Institute of Technology. He speaks extensively on real estate topics nationally. Mr. Licata received his B.S., summa cum laude, from MacMurray College and his J.D., cum laude, from Harvard Law School.
This seminar is an Intermediate level program.
This seminar qualifies for 1.0 MCLE credit hour.
Note: When submitting your compliance reports to the SC Commission on CLE and Specialization, if you completed this in 2020, please use this course code: 201625ADT
Note: When submitting your compliance reports to the SC Commission on CLE and Specialization, if you completed this in 2021, please use this course code: 213260ADT