Recent Engagement: $10+ million commercial real estate workout
Deal Summary: The potential for commercial real estate loan default is a stark reality to many government entities and business owners. Risk factors such as low vacancy rates, imprecise valuations and negative cash flow all put a strain on owners, especially those are over-leveraged. It is this scenario that caused a multiple-property holder to engage Zeppos Rautiola recently in a $10+ million loan workout.
How ZR helped: When the loan was called in a Notice of Default, ZR worked tirelessly to negotiate a deal with a new lender and to structure the deal so that our client was in a better position to manage their cash flow and make timely payments.