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Complex Financial Restructuring of a $1.7 Billion Office Portfolio Loan
Exploring the detailed negotiations and modifications involved in restructuring a $1.7 billion CXP office portfolio loan backed by properties in New York and San Francisco, including maturity extensions, reduced interest rates, and a complex note structure. The chapter delves into the challenges of property valuations, fluctuating appraisals, and the intricacies of real estate deals in markets like San Francisco, New York, and Chicago. Additionally, it discusses specific real estate scenarios in Chicago, Manhattan, Washington D.C., and various industrial property transactions across different locations.