Billions of Dollars of REO Commercial Property Sales
Mortgage Backed Securities Servicers
Handled very high volume of REO (real estate owned) sales throughout the United States for two of the largest special servicers of commercial mortgage-backed securities (CMBS) loans with the total purchase price well into the billions and number of properties well into the thousands. For auction sales, representation included pre-auction review of title and preparation of contracts for auction site and the post-auction sales process and closings. For traditional sales, representation included contract preparation and negotiation, and the post-execution sales process and closings. The largest was approximately $216 million, which was the sale of a major hotel project in Louisiana.
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Handled the sale of over 2,000 REOs, with aggregate purchase prices in the billions of dollars, through both the negotiation and closing of individual sales and the structuring and sale by auction of multiple properties. The largest was approximately $216 million, which was the sale of a major hotel...