WLS recently assisted a client in structuring a exit strategy for a distressed real property asset. Faced with an insolvent owner and mortgage loan that exceeded the property value, the client was able to make the best out of a bad situation by working the lender and a buyer to avoid the need for to pay cash at closing while also preserving the possibility of a future return on the client’s investment.
Elizabeth Whitman recently completed graduate-level coursework in Music Business Law as part of Berklee College of Music's world-renowned music business program. This additional training, combined with Elizabeth's music performance background and decades of business law experience makes Whitman Legal Solutions uniquely positioned to help musicians identify strategic and creative solutions to the legal challenges they face in the music business.
WLS recently assisted a client in structuring creative financing for a portfolio of small residential rental properties in the Western US. The transaction involved seller-financing that provided the purchaser with lower transaction costs and customized loan terms, while benefitting the seller by allowing for installment sale treatment of gains for tax purposes.
WLS recently assisted a client involved in restructuring a $50+ Million real estate investment by modifying mortgage loan provisions and adding rescue capital in the form of preferred equity.
To better serve clients, Elizabeth Whitman is pursuing graduate coursework in Music Business Policy and Law at Berklee College of Music. Berklee is the largest independent college in the world focused on contemporary music genres.
WLS’ award-winning blog now is now a part of American Legal Blogger. A collaboration between the ABA Journal, published by the American Bar Association, and LexBlog, American Legal Blogge features curated news and commentary from legal professionals across the US.
On December 4, 2024, Elizabeth Whitman spoke at a Strafford CLE seminar entitled Incorporating Terms by Reference in Commercial Real Estate Contracts.
WLS recently helped a seller in the Pacific Northwest find a creative solution to their complex legal challenge by structuring seller financing that benefited both the buyer and the seller.
High interest rates have proven challenging for borrowers with floating interest rate loans, but many lenders are willing to negotiate with borrowers to prevent foreclosure. WLS recently assisted one commercial real estate borrower in converting its $11 Million floating rate loan to a fixed rate loan.
Elizabeth Whitman has been selected to serve as Outreach Director and a member of the Board of Governors of the Friday Morning Music Club. Formed in 1886, FMMC brings music to the DC Metro area through a wide variety of programs.