Schafer and Weiner Assist with the Restructuring and Refinancing of Real Estate Development
Joseph K. Grekin and John J. Stockdale, Jr. assisted a real estate development in Grand Blanc, Michigan in a restructure and refinance of its business paving the way for construction of the development’s third phase. This matter involved contentious negotiations involving the business’ organizational documents and subordination of liens and interests in the development to the lender. After more than a year of negotiations, the development’s members, lien creditors, and financier had simultaneous closings resolving the issues and approving funding for the development’s third phase.