Representing Borrowers, Lenders, Investors and Sponsors
Mr. Silver has represented clients in providing and obtaining debt and equity in the aggregate amount of over one billion dollars. On the debt side, he has represented borrowers in construction and permanent loans, refinance and acquisition loans, loan assumption and defeasance transactions, mezzanine and credit lines, and has provided the required legal opinions to satisfy some of the most demanding lenders’ counsel in the nation. On the equity side he has represented investors and syndicators/sponsors of investments involving real estate investment partnerships of all sizes.
FOCUS: Loan Workouts / Loan Restructure / Discounted Payoff
For many borrowers, when they are having trouble paying their loan and want to negotiate with their lender, just figuring out who to talk to is a difficult first step. Often their loan has been “securitized” and there is a Master Servicer, Sub-Servicer and/or Special Servicer. And these servicers aren’t paid to be helpful to borrowers or to be creative. They are paid to not make mistakes and to protect the lender’s collateral – the mortgaged property. Knowing how to approach these parties, what information they will need and the procedures to take when trying to renegotiate any loan modification is crucial when the foreclosure clock is ticking. They need to be contacted daily to be sure they are going to pay attention to your matter.
