Perspective
May 13, 2011
Light at the End of the Tunnel: What to Do With a Busted Project
Distressed real estate projects are getting a shot of much needed adrenaline from preferred equity. By Anita F. Sabine of O'Melveny & Myers LLP
Whether the design was for a condominium, multi-family, mixed-use, or other commercial project, any mothballed project in today's market means either your project is busted or in a seemingly perpetual state of "extend and pretend" with your senior mortgage lender. The good news is that the financial markets have opened up significantly in the past year. The bad news is that the underwriting has exponentially tightened up and lende...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In