The economic turmoil of recent years has led to many distressed business loans and distressed real estate projects. These generally end up in loan workout negotiations. Any company engaged in loan workouts should work closely with knowledgeable lawyers. We advise both lenders and borrowers in loan workouts. At Driggers, Schultz & Herbst, we have a deep and intuitive understanding of our clients’ various goals, and we can attend to the various legal issues in a cost-efficient manner. Located in Troy, we represent businesses across Michigan and beyond.
Developing Strategies To Facilitate Loan Workouts
Loan workouts, particularly those involving real estate, involve numerous complicated matters. These can include title issues, potential property tax arrearages and other tax problems, leasing issues, dealing with existing tenants, and other issues. Our attorneys and staff will develop and implement appropriate strategies geared toward dealing with these specific legal issues.
We recognize that our clients are often seeking to work out distressed loans as quickly as possible. At Driggers, Schultz & Herbst, we share our clients’ goals and will partner with our clients to achieve these ends in an efficient manner.