The economy has changed dramatically in Puerto Rico over the last eight years with a marked increase in the number of defaults, workouts, and restructuring in the commercial real estate market. Our Real Estate Asset Recovery and Disposition team represents our clients in workouts and restructurings across the full spectrum of real estate assets. We regularly represent and advise purchasers and sellers in the purchase and sale of secured or REO property, including existing commercial permanent and construction loans.
As a full-service law firm, we also have an experienced bankruptcy and creditor’s rights practice that is adept in advising clients on the nuances of complicated bankruptcy proceedings, bankruptcy-related financings and negotiation of reorganization plans. Our Real Estate Asset Recovery and Disposition practice team interacts closely and effectively with our bankruptcy and litigation practices in the pertinent phases of distressed commercial debt litigation by providing deep knowledge and awareness of the real estate marketing into the negotiations and resolutions of forbearance agreements, judicial foreclosures and receiverships.