WLS Assists with Creative Disposition Strategy for Distressed Property

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.