Debt Restructuring for Property Owners
The attorneys of Vinsko & Associates, PC, represent commercial real estate owners, developers, municipalities and other property owners in real estate debt restructuring. We provide this service on a stand-alone basis and in conjunction with our corporate restructuring and refinancing practice.
Lenders today are extremely stringent. They frequently attempt to put unreasonable restrictions on the borrower. We are often successful in negotiating more favorable terms for our clients.
We carefully analyze the details of your situation and the property involved. We examine the title, checking for title insurance and making sure there are no liens against the property. If liens exist, we will attempt to renegotiate or subordinate them. We will check for compliance with all the regulatory agencies, especially zoning boards.
Resolving Property Problems
Our clients often call on us to resolve zoning, land use and title-related problems so that they may sell a property, acquire new financing or renegotiate the terms of an existing mortgage.
Our debt restructuring attorneys are able to resolve complex property issues. One case involved 300 individual building lots that the owner could not sell because of complications involving an adjacent lake and dam.
Another case involved a commercial property owner who had been doing business based on handshake leases. Today's lenders demanded more formal lease documentation. We negotiated terms and put it all in writing.
Call Toll Free
If you need legal advice regarding real estate debt restructuring from an experienced and respected attorney in the Wilkes-Barre and Scranton, Pennsylvania area, please contact Vinsko & Associates. Our lawyers are available when you need a trusted hand.
