News

Firm News

Greg A. Bouwer recently represented a seller in the sale of a large residential apartment project ($40 million), beginning with the negotiation of the purchase and sale contract and working with the lender on the project.  The sale included the assignment and assumption of the existing non-recourse loan.

Greg A. Bouwer recently negotiated multiple loan packages to refinance existing projects and finance new projects, with the loan aggregate values exceeding $50 million.  The negotiation involved rate structure and recourse provisions.  Clients have been able to take advantage of excellent interest rate conditions.

Greg A. Bouwer recently concluded a loan transaction of approximately $32 million that did not have typical recourse provisions.  The loan had limited recourse provisions against the sponsor of the project, essentially being non-recourse.  The financing involved all of the rating agencies as the loan was sold in the secondary market within a short period.

Greg A. Bouwer recently completed the negotiation and execution of a multi-million dollar commercial construction contract in Chicago, Illinois.  The contract needed to coordinate the payment application process with the requirements of the lender that was being utilized to assist in funding the construction.

Koransky Bouwer & Poracky negotiated one general contract and over 15 subcontracts in a multi-million dollar construction project involving over 350 apartment units.

Greg A. Bouwer has represented numerous clients in the acquisition of single-tenant net-leased properties that included securing proper financing.  The process included negotiation of letters of intent, purchase and sale agreements, review of title and survey, review of other due diligence and resolving issues that arose during that process.  The leases are double net (NN) and triple net (NNN) that determine valuation.

Greg A. Bouwer completed an $80 million office building transaction that involved the assignment and assumption of multiple leases in the office building and the assumption of the existing loan facility.

Greg A. Bouwer has negotiated multiple deed-in-lieu and forbearance matters over the last several years, representing both borrowers and lenders.

Greg A. Bouwer continues to represent lenders in foreclosure and workout situations.  Receivers have been placed in control of real estate collateral during the pendency of the foreclosures or workouts.

Greg A. Bouwer has represented multiple developers before zoning authorities to obtain subdivision approval and variances to achieve an acceptable resolution for all parties involved.

 

Any information provided on this website shall not be construed as formal legal advice, nor serve as the basis for the formation of an attorney client relationship. Please contact Koransky, Bouwer & Poracky, P.C. for a consultation on your particular matter.