While everyone hopes for the best result in a development project, the unfortunate reality is that projects sometimes become financially troubled. The Real Estate and Development Team at McGuire, Wood & Bissette offers legal counsel to real estate lenders resolving financially troubled loans.
Our experienced team has the ability to structure workout agreements, foreclose on property interests, obtain and collect deficiency judgments, enforce and execute on guaranty agreements and UCC security agreements and appear on behalf of clients in bankruptcy proceedings.
Our Real Estate and Development Team works hard to protect lender clients’ investments by seeking to recoup as much of that investment as possible and practical. Workout transactions involve striking a careful balance to preserve the lender’s relationship with its valued customers, while honoring the lender’s duty to its shareholders.