The vast majority of our bankruptcy cases and finance transactions include a real estate component. The Extended Stay bankruptcy, for example, where we represented creditors owed $7.3 billion, centered on 680 owned and operated hotels.
Answering Complex Questions
Hahn & Hessen’s real estate attorneys have extensive experience in real estate finance and acquisition/disposition. We know the territory—lease, lend, dirt and construction—and all aspects of the workout process. Our real estate lawyers have deep experience evaluating a variety of real estate transactions. We represent domestic and foreign financial institutions, hedge funds, insurance companies, investment banks, developers and investors in all types of real estate transactions, including mortgage financings, construction loans, commercial lease transactions, acquisitions and dispositions of real estate assets, and a variety of other real estate related transactions. Many of our clients buy assets from bankruptcy sales; we do extensive asset-based lending work with real estate components.
Responding to the complex matters of our real estate clients often requires a blend of services. That’s why our real estate group regularly works with our business finance and bankruptcy practice groups in workout and financial restructuring of troubled loans, and why we look for every teaming opportunity to benefit our clients. We recognize the need for creativity in structuring real estate related transactions to meet the needs of all participants and the firm is accustomed to participating in the structuring process. Our goals throughout such transactions are to provide the best possible legal advice, responsive service and clear and concise documentation in a timely manner.
Recent real estate transactions by the numbers:
- $2 billion: acquisition/finance of large residential mortgage portfolio for a major investment bank
- $500 million: repurchase agreement arrangement to finance whole loan mortgages (for a national insurance company)
- $200 million: restructuring finance of national chain of recreational vehicle parks for an international financial conglomerate
- $40 million: refinance of firm headquarters for a public textile company
Asset-based lending is our bread and butter. Our real estate workout group is dedicated to answering the complex question: how do we maximize
value for our clients from this real estate asset?