Loan Workouts and Modifications – A Real Estate Industry Focus
Overview
As the COVID-19 pandemic continues to place significant pressure on the commercial real estate industry, an increasing number of commercial real estate owners are facing current or impending defaults on their loans. Owners navigating the operations of their troubled properties also need to deal with their lenders and consider workout opportunities for their distressed real estate indebtedness.
In this interactive discussion we will explore the business, accounting and tax consequences of:
- Loan workouts – pre-negotiation, forbearance and modification agreements with lenders
- Foreclosures
- Debt-for-equity exchanges
- Opportunity for new investments: acquiring distressed real property or debt
MODERATOR
Dennis Pellecchia, Tax Services Partner, Marcum LLP
SPEAKERS
John McCarthy, Assurance Services Partner, Marcum LLP
David Mustin, Advisory Services Partner, Marcum LLP
James Philbin, Tax Services Partner, Marcum LLP