Secured lender representation $160 million loan secured by four long term care facilities located in Germany. Recovered deficiency claim on sale of German collateral, through implementation of liquidity trust of 20 properties located across the United States and Canada to secure deficiency. Coordinated negotiations on behalf of lender group with borrowers’ United States parent. Negotiated and implemented loan restructure, including creation of collateral trust, guaranteed minimum distributions from sale of new collateral and remainder notes.
Represented secured lender holding $50 million loan secured by six long term care facilities located in Pennsylvania, including CCRC campus. Secured confessed judgment and commenced foreclosure proceedings. Negotiated the restructure of both securitized and non-securitized loan obligations with borrower to avoid Chapter 11 bankruptcy filing; documented loan restructure including take-out of bond holders, extended maturity dates and variable rate terms; collapsed securitized trust; oversaw take-out of working capital lender and ultimate payoff of loans.