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New York Metropolis regulation agency Rosenberg & Estis has shaped a brand new distressed actual property group to help purchasers dealing with actual property debt challenges.
The group will provide professional authorized options for purchasers together with lenders, debtors and buyers who’re dealing with challenges as a result of ongoing volatility within the New York actual property market.
The group has been made up of attorneys from the agency’s actual property, litigation, company, restructuring and chapter practices. It can advise purchasers on methods to protect their belongings or make the most of alternatives within the present market.
Learn extra: Business veterans launch actual property debt advisory agency
“Industrial actual property house owners and lenders face a quickly evolving market as over $1.5tn (£1.15tn) of US business actual property debt is anticipated to mature by the top of 2025,” mentioned Michael E. Lefkowitz, managing member of Rosenberg & Estis, and a frontrunner of the agency’s transactional division.
“Increased rates of interest, decreased property values and escalating working prices have made refinancing and restructuring actual property portfolios extraordinarily difficult.
“Our new distressed actual property group gives complete authorized steering for these navigating this tumultuous market.”
Learn extra: Madison Realty raises $2bn for sixth actual property debt fund
The group has aimed to create a ‘one-stop store’ for all actual property purchasers, which may help them navigate transactional and litigation challenges with out the necessity to seek the advice of a number of authorized advisors.
“We’ve seen each section of the business actual property cycle and we perceive methods to assist purchasers handle totally different types of misery,” added Lefkowitz.
“Our objective is to assist property house owners and buyers not solely to outlive however to seek out new alternatives within the present market local weather.”
Learn extra: New funding agency launches with RE personal credit score technique
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