In the News
Must Lenders Negotiate Post-Borrower CRE Default?
December 21, 2023
Authors
Andrew Baldizon
Associate, Boston
abaldizon@goulstonstorrs.com+1 617 574 3531
Charles R. Jacob III
Of Counsel, New York
cjacob@goulstonstorrs.com+1 212 878 5143Source
City Biz
Related Expertise
With rising interest rates, the economic slowdown, and an uptick in distressed real estate, commercial borrowers and lenders are increasingly finding themselves staring down default. When loans turn problematic, workout agreements provide an opportunity for lenders and borrowers to attempt mitigation for an oncoming default and, ideally, reach an equitable arrangement for both sides.
But what if negotiations go sideways? Must lenders continue to negotiate and come to an agreement with a borrower in default?
Read more from attorneys Andrew Baldizon, Chuck Jacob, and A.J. Swartwood in CityBiz.
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