Over the past 40 years, we've seen a lot of problem real estate situations, from all sides-developer and lender, buyer and seller, tenant and landlord. We get challenged deals done, even if it means doing the work for other parties to the arrangement.

Over the years, MPS Law has worked with various banks serving the middle market, national and regional home builders, and regional commercial developers. For those clients active in this challenging market, our experienced commercial real estate attorneys handle a variety of matters in a highly skilled yet cost effective manner including:

• Analyzing due diligence and structuring, negotiating and documenting financing
• Acquisition and sales of notes (and loan portfolios) secured by distressed real estate
• Formation of joint venture structures for acquisition of distressed loans and real estate
• Loan workouts, forbearances, deeds-in-lieu, foreclosure proceedings and other debtor/creditor enforcement actions
• Loan participation, agency and Intercreditor matters
• Reorganization and liquidation in and out of bankruptcy
• Addressing relevant bank regulatory issues

Our recent transactions include:

• Representation of the lending group in the deed in lieu of a $75 million condominium project in Chicago, Illinois
• Representation of a financial institution in the sale of a pool of residential  property loans valued at over $225 million
• Representation of the lender in bankruptcy proceedings filed by one of the largest privately owned Chicago area home builders
• Representation of the lender in the sale of various loans secured by real estate throughout the Midwest
• Representation of the lender group in the liquidation of a large Chicago area homebuilder
• Representation of a participant in a loan participation where the lead lender misappropriated sales proceeds 
• Representation of the developer in bankruptcy proceedings to provide for a refinance of the shopping center
• Representation of the seller in settlement of the senior and mezzanine debt by the sale of a high-profile troubled real-estate development project.
• Representation of the liquidating estate in bankruptcy for a privately owned, national home builder
• Representation of the secured lender in Chapter 11 proceedings filed by two large hotel owners
• Representation of the owner of a high rise condominium development in Chapter 11 proceedings to provide for the orderly sale of the project to new investors