Tuesday, July 2, 2019, 1:00-2:00pm

When a real estate project goes bad for whatever reason – sales are slow or at prices below projections, leasing is below break-even, or there are extensive cost-overruns or regulatory delays – developers, investors, and others are left scrambling to restructure the project and salvage any value or at least limit losses.

This often involves restructuring or possibly refinancing a loan. It may also involve seeking additional equity. Another option is selling the project, if possible.

These processes can be complicated by the nature of the investors and lenders involved.

This program provides a practical guide to restructuring troubled real estate projects.

Part 1 topics include:

• Practical strategies for unwinding real estate deals outside of bankruptcy or litigation
• Negotiating, structuring and drafting the restructuring of failed real estate projects
• Underlying economics and tradeoffs of real estate restructuring
• Types of sellers and their impact on restructuring – individual owner, institutional, joint venture, private equity
• Complications and limitations involving syndicated loans, CMBS loans, and REMICs
• Navigating seller issues – personal guaranties, ongoing management fees, upside participation, reputation

Click on the "In Depth" tab for tuition and speaker information.