Five Strategies for Special Servicer Negotiations: How to avoid the most common stumbling blocks

Whether you are a borrower, a B-piece holder or a foreclosing mezzanine lender, at some point you have found yourself in the unenviable position of dealing with a special servicer. By gaining insight into what motivates special servicers, you will solidify your negotiation strategy and better understand how to avoid a few common pitfalls. In […]

Special Servicers Agreeing to More Write-Downs

The Wall Street Journal reports that special servicers are increasingly agreeing to large principal reductions in negotiations with distressed real estate borrowers. For example, the article cites the case of a pair of distressed three-story suburban office buildings on Long Island known as the Fountains at Lake Success, where special servicer LNR agreed to accept […]