Defaulted Commercial Mortgage Loans: Default resolution, loan modifications, foreclosure proceedings, and deed in lieu arrangements

Loren Kessler Higgins | Holland & Knight

Loren Higgins, an attorney in Holland & Knight’s San Francisco office, represents financial institutions, including banks, Farm Credit System lenders and specialty lenders, in all aspects of real estate secured financing transactions. Ms. Higgins co-leads the firm’s Healthcare Finance Team. Ms. Higgins’ practice primarily focuses on the financing of specialty real estate assets, including medical office buildings, senior housing and skilled nursing facilities, hospitals, life science facilities and other healthcare assets, wineries and vineyards, orchards, timberlands, renewable energy projects, self-storage facilities and sports arenas. She also has extensive experience representing clients in the purchase and sale of self-storage facilities as well as land for development.

In addition, Ms. Higgins has significant experience representing clients in distressed situations and has represented financial institutions in connection with foreclosures and deeds-in-lieu of foreclosure, restructurings and workouts of secured loans, and in the transactional aspects of debtor-in-possession financing and Section 363 sales.

Ms. Higgins is a fellow of the American College of Mortgage Attorneys (ACMA) and the co-chair of the Commercial Transactions Committee of the California Lawyers Association (formerly the UCC Committee of the California State Bar). She is the author of Taking Security Interests in Personal Property, last published by the Continuing Education of the State Bar of California in 2021.

I. Setting the stage for a successful workout | 3:00pm – 3:30pm

II. Loan modifications | 3:30pm – 4:00pm

Break | 4:00pm – 4:10pm

III. Deed in Lieu arrangements | 4:10pm – 4:40pm

IV. Foreclosure | 4:40pm – 5:10pm