Strategy
Real Estate News
October 01, 2012
Game-Changing “W Strategy” Workout Presented in New Case Study
A new Columbia CaseWorks case by Fred Knapp and Lynne B. Sagalyn, “Battling Over a New York Workout: The W Hotel Strategy” sets up this true David-and-Goliath story in which the most junior player in the highly leveraged capital stack ended up being made whole on its loan. The saga of the $232-million mortgage and mezzanine debt financing, now known as the “W Strategy,” is one that changed practice, becoming significant in the annals of Uniform Commercial Code foreclosures and bankruptcy transactions.
Topics: Real Estate Strategy
Real Estate News
September 25, 2012
First In Trouble -- and Last Out
Why are the homeowners who can most benefit from strategic default on underwater mortgages the least likely to choose it?