Dearth of Restructurings Baffles Area Attorneys

July 17, 2009

During this time of high unemployment, increased vacancies in office and retail space, and as commercial property values continue to fall,  it comes as a surprise to many area attorneys that more lenders and developers are not restructuring their existing loan agreements.

“Everyone that I talk to is scratching their heads,” said Craig M. Tateronis, partner and chair of the Real Estate Practice Group at Prince Lobel . “They don’t know what to anticipate in terms of what the banks are doing.”

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