The loan is under pressure. You need someone who can read the paper, talk to the lender, and build a path the other side can sign. I handle commercial loan workouts for New York and Long Island owners, sponsors, and lenders. New York lead counsel with nationwide reach through admitted local counsel.
I run the file from first call through the workout close.
Call (516) 330-3320 · Email josh@summerspllc.com · Contact
Who it's for
- Owners and sponsors facing maturity, covenant, or cash-flow stress
- Landlords whose debt sits on a struggling asset
- Lenders and special servicers who want a negotiated path
- Buyers circling distress who need workout-aware counsel
What we handle
- Forbearance and modification agreements
- Deed-in-lieu and discounted payoffs
- Restructuring term sheets and workout docs
- Coordination with lender negotiations
- Tie-ins to rescue capital when new money is part of the fix
- Distressed sale posture when the workout becomes an exit (CRE transactions)
How it runs
Principal-led. The goal is a workout that holds, not a memo that sits. Hourly or hybrid is common. We say what fits before we start.
Short process
- Loan docs, notices, asset facts.
- Options: modify, forbear, deed-in-lieu, payoff, or exit.
- Negotiate with the lender or servicer.
- Paper and close.
Related work
Start a workout call
(516) 330-3320 · josh@summerspllc.com · Contact form
JB Summers PLLC · 920 Railroad Avenue, Suite 15, Woodmere, NY 11598
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