Schafer and Weiner, PLLC Assists with Acquisition of Industrial Property in Grand Rapids
June, 2018
John Stockdale, Jr. assisted a real estate developer with the acquisition of industrial real estate in Grand Rapids, Michigan. This engagement included, among other things, the formation of a single purpose acquisition entity, the purchase of a distressed loan and mortgage from a national bank, structuring and drafting loan and participation agreements to fund the note acquisition, and the preparation of a litigation strategy to obtain on the real estate. After exerting strategic pressure on the owners, John Stockdale, Jr. prepared, and the parties executed, a deed in lieu of foreclosure agreement transferring the industrial property to the acquisition vehicle.