Depressed commercial real estate valuations and scarce financing alternatives are creating enormous challenges for real estate professionals seeking to extend or “work out” debt that exceeds the value of their properties. These challenges, however, present opportunities for real estate owners with the foresight to act.

An estimated $2 trillion in commercial real estate loans are set to mature before the end of 2013. Based on current property valuations, if these loans are not extended, the vast majority of these loans will require some resolution. The number and dollar volume of commercial real estate loans in workout are expected to reach unprecedented levels, even dwarfing the level of workout activity during the RTC era. Now, more than ever, commercial real estate owners need guidance in navigating their way through the workout/restructuring process.

Formed in 1991, Farragut Group brings to each assignment a unique depth and breadth of experience rarely found within one organization, combining more than 50 collective years of legal (both transactional and litigation) experience with 45 years of business, finance, development, construction and acquisition skills. Farragut Group’s principals have brought these skills to bear in the successful workout/resolution of more than $640 million in real estate debt, and in the representation of real estate lenders in the successful resolution and disposition of more than $500 million in real estate loans. Farragut Group has significant experience in resolving debt held by government entities with a track record of over $500 million of successful transactions with FSLIC, the RTC and the FDIC. In addition, our principals have also closed numerous transactions with banks, life insurance companies and other private lenders.
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