Commercial Loan Workouts: Special Servicers and Lender Playbook
Retelling Chapter 6 (Part 2) of The Commercial Real Estate Tsunami by Tony Wood (foreword by Matthew Anderson, ISBN 978-0-470-63637-4).
Chapter 6 closes with two practical guides for anyone on the lender side of a distressed deal. The first comes from Eric Von Berg on CMBS mechanics. The second is a workout roadmap from real estate attorney Maura O’Connor of Seyfarth Shaw. Together they explain why two borrowers with similar problems can get totally different outcomes depending on who holds the loan and how prepared each side is.