Ellias & Elias, P.C. has extensive experience in negotiating work out arrangements, forbearance agreements, as well as obtaining new financing for a full range of business and real estate clients during these challenging economic times. We have been involved in restructuring debt in excess of $500 million for clients with lenders in Michigan and throughout the United States.
The following are examples of some of the Lender and Workout Law related services which Ellias & Elias, P.C. has provided our clients in the past:
- Successfully negotiating release of personal liability for individual guarantors/owners of residential condominium development.
- Negotiating numerous workout agreements for real estate developers with debt in excess of $100 million.