Bankruptcy

Bankruptcy

For REMIC Trust: JMBM successfully defeated plan of reorganization

Represented a REMIC Trust, the holder of an approximately $60 million securitized real estate loan secured by an office building in California, and successfully defeated multiple efforts made by the borrower in its Chapter 11 case to confirm a plan of reorganization over the objection of the Trust, successfully defeated two applications filed by the […]

Bankruptcy and Distressed Assets & Real Estate

JMBM Distressed Dealer Task Force

JMBM has drawn on its broad expertise representing motor vehicle manufacturers, secured lenders and real estate investors to create the JMBM Distressed Dealer Task Force. JMBM recognized the need for the Task Force after several partners were asked to represent clients’ financial interests that were put at risk by failing vehicle, farm implement and marine […]

Bankruptcy and Real Estate

For CMR Commercial Mortgage Fund LLC: JMBM closes $25.5 million debtor-in-possession loan on mixed-use property in Las Vegas

SAN FRANCISCO – December 12, 2007 – Jeffer, Mangels, Butler & Marmaro LLP (JMBM), one of California’s foremost full-service law firms, today announced that on behalf of its client, CMR Commercial Mortgage Fund LLC, the Firm closed a $25.5 million loan to Nevada Towers, a Chapter 11 debtor-in-possession. The loan is secured by a first […]

Bankruptcy, Creditors' Rights and Real Estate

JMBM assists CMR Mortgage Fund LLC in closing a nearly $100 million loan to out-of-possession debtor in a Chapter 7 bankruptcy

On behalf of its client, CMR Mortgage Fund, LLC (CMR), of San Francisco, California, Jeffer, Mangels, Butler & Marmaro LLP (JMBM), a California full-service law firm with expertise in complex real estate sales, financings, work-outs, and bankruptcies, has closed a nearly $100 million loan to Halekua Development Corporation (Halekua), an out-of-possession debtor in a Chapter […]