Real Estate Workouts and Restructurings

Sidley’s Real Estate practice team has been in the forefront of the real estate workout area with extensive experience in the representation of “bad” banks, servicers of defaulted securitized mortgages, liquidating portfolios of non-performing and underperforming loans, and investors in the purchase and sale of portfolios of defaulted debt. Our experience extends to loans secured by both U.S. and off-shore real estate. Our strength has been in the close coordination of the transactional, remedies, litigation and bankruptcy elements of troubled debt for investors, owners and other interested parties. Utilizing Sidley’s core practice teams of Real Estate, Syndicated and Leveraged Finance, Complex Commercial Litigation and Corporate Reorganization and Bankruptcy, we have a wealth of experience in restructurings and workouts for real estate secured assets. Our real estate lawyers have been pioneers in the development of products related to the distressed debt area, including defensive strategies, the structuring of bonds secured by underperforming loan portfolios and innovative strategies in remedies, deeds-in-lieu of foreclosure and restructurings.