Real Estate Finance

Real Estate partner, Neil Shapiro, was quoted by Bloomberg News in an article discussing distressed real estate deals at the end of 2020.

The article states, "Debt can be a path to acquiring properties at a discount, with lenders positioned to foreclose and assume ownership when borrowers default. Legal actions in New York courts to seize property from delinquent borrowers have already begun, led by "the loan-to-own guys and the loan-we-don’t-mind-owning guys... Neil Shapiro said."

The article quotes Neil as saying, "I’d expect, like every other cycle, that these actions will accelerate because this stress will have been going on more than a year."