Our Distressed Real Estate Team has been a national leader in the handling and resolution of distressed real estate matters. The steep economic downturn that crippled the commercial real estate market resulted in a glut of distressed commercial properties, many of them located in fast-growing western cities. Ballard Spahr attorneys responded by working closely with lenders, investors, developers, and owners to design the best approaches to resolve troubled real estate investments. 


Members of our distressed real estate practice assist clients with loan restructuring and workouts, loan sales, receivership sales, foreclosures and other enforcement matters, bankruptcies and reorganizations, liquidations, asset distribution, and intercreditor matters. Our attorneys advise clients on a variety of distressed projects, including master-planned and mixed-use developments, condominiums, shopping centers and retail malls, office complexes, hotels, resorts, casinos, industrial properties, and retirement communities.

With offices in some of the hardest-hit markets in the country, we understand each area's regional issues, local laws, political climate, and distinct market characteristics. That perspective, coupled with our extensive experience in real estate, finance, litigation, taxation, and bankruptcy, gives us the skills and insight needed to help clients find creative and effective workout solutions and to protect and preserve their investments.

Our experience and services 

  • Commercial bank representations involving asset dispositions and restructuring options
  • Corporate restructurings, reorganizations, and liquidations, both in and out of bankruptcy
  • Loan workout and enforcement actions
  • Master and Special Servicer representations, including pooling and servicing agreements and REMIC-related issues
  • Mezzanine loan transactions
  • Preferred equity investments
  • Receivership appointments for diverse commercial projects
  • Restructuring and redevelopment of distressed projects

The Distressed Real Estate Team is part of our Real Estate Finance and Capital Markets Group, which advises clients in the structuring, documenting, servicing, and restructuring of real estate debt and equity transactions.

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