Peter M. Fass, a partner at Proskauer Rose, continues his review of the considerations for the individual partners and LLC members owning an interest in a partnership or LLC owning real property that secures a loan (a troubled investment) which loan defaults or is restructured, with a discussion of holding or selling the interest.
Real Estate Securities
Real Estate Workouts: Retaining or Selling the Partnership Interest
New York Law Journal
June 5, 2013