Security National Propertiesfiles for bankruptcy in Delaware, citing unpredictability of the financial markets

Introduction

Filed under:
USA, Delaware, Insolvency & Restructuring, Fox Rothschild LLP, Bankruptcy, Debtor, Commercial property, Landlord, Leasehold estate, Interest, Limited liability company, Debt, Mortgage loan, Deed of trust (real estate), United States bankruptcy court, US District Court for District of Delaware
Authors:
L. Jason Cornell
Location:
USA
Firm:
Fox Rothschild LLP
FDIC sells $1.02 billion in distressed loans to fund managed by Colony Capital Acquisitions

Today, the FDIC announced that Colony Capital Acquisitions, LLC paid a total of approximately $90.5 million (net of working capital) in cash for a 40% equity stake in a limited liability company (LLC) created by the FDIC to hold a portfolio of approximately 1,200 distressed commercial real estate loans with an aggregate unpaid principal balance of $1.02 billion arising out of 22 failed bank receiverships.

Filed under:
USA, Banking, Insolvency & Restructuring, Real Estate, Alston & Bird LLP, Commercial property, Interest, Limited liability company, Investment funds, Portfolio (finance), Distressed securities, Federal Deposit Insurance Corporation (USA)
Authors:
Darren Cooper
Location:
USA
Firm:
Alston & Bird LLP
FDIC closes sale of notes backed by commercial real estate loans

Today, the Federal Deposit Insurance Corporation (FDIC) announced the closing of its previously announced sale of $233 million of notes backed by performing and non-performing commercial real estate (CRE) loans from 22 different financial institutions f

Filed under:
USA, Banking, Insolvency & Restructuring, Alston & Bird LLP, Credit (finance), Commercial property, Interest, Debt, Maturity (finance), Federal Deposit Insurance Corporation (USA)
Authors:
Alice Green
Location:
USA
Firm:
Alston & Bird LLP
Reorganization of multi-unit residential developments

Over the last two years, with the fluctuations in the economic market, commercial real estate in distress has become a lively topic among insolvency practitioners and even in court decisions.

Filed under:
Canada, Insolvency & Restructuring, Litigation, Real Estate, Dentons, Debtor, Commercial property, Foreclosure, Secured loan
Authors:
David W. Mann , David LeGeyt
Location:
Canada
Firm:
Dentons