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Construction Loan Workouts

Provided By: New York Law Journal

Approved for CLE credit in: AK, AZ, CA, IL, ME, MO, ND, NJ, NY, WA, WV

The Commercial Real Estate and Construction industry is reeling from the aftershocks of the recent financial crisis and subsequent recession. In this most challenging environment, parties must be vigilant in seeking out the warning signs of a foundering project and stand ready to move quickly to salvage the project. The New York Law Journal has assembled an accomplished pair of Real Estate and Construction Finance practitioners to explore your options on how to save the deal or preserve your stake when a development project runs into trouble.

Click on the state abbreviation to find the CLE Credit Information for your state.

This program is has been approved for credit in AK, AZ, CA, IL, ME, MO, ND, NJ, NY, WA, WV

No related programs information available.

Kenneth M. Block Partner Tannenbaum Helpern Syracuse & Hirschtritt New York, NY Kenneth M. Block is the Construction Chair of the Firm's Real Estate, Environmental and Construction Law Department and has more than 35 years of experience in the practice of real estate and construction law, as both a litigator and transactional attorney. Over the course of his career, Ken has represented developers, owners, tenants, lenders, cooperative and condominium associations, and design and construction professionals. In transaction matters, Ken has extensive experience with financing, contracts of sale, development and management agreements, leasing, and outsourcing, and has negotiated countless design and construction contracts. Ken regularly advises clients on structuring real estate acquisitions and dispositions, as well as development and construction projects. As a litigator, Ken has successfully handled matters involving land use, contracts of sale, partnership agreements, mortgage foreclosures, loan workouts, commercial and residential leases, cooperative and condominium sponsorship, and real estate brokerage. He also has handled a wide variety of disputes relating to construction defects, structural and mechanical failures, architectural and engineering malpractice, change orders, delay claims and mechanic's liens. Recently, after having immersed himself in the "built environment" throughout his professional career, Ken has emerged as an industry expert on sustainable construction, and he counsels clients regarding the evolving LEED rating system established by the U.S. Green Building Council. Ken also serves as general counsel to the New York Chapter of the USGBC.

Jason R. Goldstein Partner DLA Piper New York, NY Jason Goldstein is a partner in the Corporate and Finance practice, based in New York. He is experienced in handling sophisticated transactions throughout the United States in all of the following areas: Mortgage and construction lending on behalf of lenders and borrowers; Workouts and restructuring of loans on behalf of lenders and borrowers; Mezzanine financing and mortgage loan participations; Purchase and sale of commercial and industrial properties Mr. Goldstein has published numerous articles on real estate financing and frequently speaks on the topic. Recent articles: Co-author, "Zombie Loans Raise Hurdles for Deed-in-lieu Transactions," New York Law Journal, July 15, 2009; Co-author, "Dealing With Equitable Defenses to Foreclosure," New York Law Journal, March 18, 2009; Co-author, "Construction Loans - Avoiding the Pitfalls in Managing Distressed Loans," New York Law Journal, September 17, 2008

Zachary Samton Counsel DLA Piper New York , NY Zachary Samton has extensive experience in all areas of real estate and real estate finance, including acquisitions, dispositions, leasing, origination, workouts and restructurings. He represents institutional and non-institutional clients, including shopping center owners, REITs, funds, pension fund investors and commercial lenders. He is a frequent contributor to the New York Law Journal and often speaks on real estate finance topics.

Construction Loan Workouts

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