Stuart M. Saft releases two-volume set on commercial real estate workoutsMorgagePress.comStuart M. Saft, Dewey and LeBoeuf, commercial real estate, Commercial Real Estate Workouts
Stuart M. Saft, a partner in the Dewey and LeBoeuf real estate
practice, has released the third edition of Commercial Real Estate
Workouts, providing new insight and information on the timely issue
of real estate workouts. The title is published and available for
purchase through West, a Thomson Reuters business.
First released in 1991, during one of the last major real estate
downturns, Mr. Saft's book draws on over 30 years of experience to
provide up-to-date information on dealing with real estate workouts
in the current real estate environment.
"In the current real estate recession, workouts are becoming an
issue of top priority. Due to the complexity and uniqueness of each
situation, a well-informed adviser is the best way to protect an
asset," said Mr. Saft. "This book was written with that intentionto
advise lenders and borrowers on how to best respond to a default in
order to safeguard interest in the property until market conditions
improve."
Drawing on his extensive experience representing lenders,
developers, private equity firms and other real estate investors,
Mr. Saft has compiled the best legal advice and information for the
third edition to deal with assets in a smart, timely and successful
manner. As many organizations are faced with the challenges of
dealing with incomplete, unsold or foreclosed assets, Mr. Saft
provides first-hand knowledge and case studies to educate borrowers
and lenders on a host of different workout options. While real
estate history has seen cycles of tremendous growth and decline,
investors in today's market need to act now to protect their
current portfolios and assets.
As a longtime source of legal advice, Mr. Saft's new edition is
drawing great interest from borrowers, lenders and the legal
community nationwide, as many attempt to deal with the challenges
of the current real estate cycle. For these parties, the book
provides a quick, up-to-date reference on how to deal with all
legal matters pertaining to a real estate workout. Specifically,
the resource offers extensive guidance to the structure and
maintenance of real estate workouts, including detailed statutory
analysis of commercial law, UCC, contracts, real property and real
estate. Section titles discuss: Reacting to Real Estate Defaults,
Analyzing the Property: Lender's Due Diligence, Commercial Loan
Workouts, Construction Loan Default, Workouts of Structured
Financing, Workouts of Mezzanine Financing, Refinancing a
Discounted Indebtedness, Cooperative and Condominium Defaults,
Environmental Considerations, Title Insurance and Title Issues,
Foreclosure and Other Lender Remedies, Deeds in Lieu of
Foreclosure, Lender Liability, Borrower's Inappropriate Behavior,
Selling the Problem Product, Overview of the Bankruptcy Laws, and
Federal Income Tax Implications of Loan Default, as well as a Table
of Cases.
For more information, visit www.deweyleboeuf.com.
