Services
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Secured Lender Matters
- Represented captive finance company of OEM in distressed dealer loans in excess of $80 million, successfully transitioned ownership of dealership through Bankruptcy Section 363 sale and achieved dismissal of lender liability suit.
- Represented national bank in proceedings to enforce $13.2 million construction loan mortgage; defense of lender liability claims by borrower and multiple construction lien claims involving a partially completed high-rise luxury condominium project. Client ultimately made note sale of loan documents and was dismissed from the case.
- Represented commercial bank co-lenders in receivership, foreclosure and assignment of sheriff's deeds regarding $35 million loan secured by real estate mortgage on medical office building facility.
- Represented commercial bank lender for loan enforcement of residential construction loans and defense of lender liability claims. Republic Bank v. Modular One, LLC, 232 Mich.App. 444, 91 NW2d 555 (1998).
- Represented lenders (principally life insurers and commercial banks) in large number of commercial real estate loan workouts, foreclosures, deed in lieu transactions, receivership sales and related real estate proceedings.
- Represented equipment financier in foreclosure and repossession of equipment owned by substantial road building company.
- Represented multiple asset based lenders in enforcement of security interests in state court, federal court, and bankruptcy proceeding as well as out-of-court agreements for surrender of assets.
- Represented commercial lenders in working with criminal authorities to prosecute auto dealers for fraudulent transactions involving borrowings.