NYC law firm creates one-stop shop for real estate debt clients

New York City law firm Rosenberg & Estis has formed a new distressed real estate group to support clients facing real estate debt challenges.

The group will offer expert legal solutions for clients including lenders, borrowers and investors who are facing challenges due to the ongoing volatility in the New York real estate market.

The team has been made up of attorneys from the firm’s real estate, litigation, corporate, restructuring and bankruptcy practices. It will advise clients on how to preserve their assets or take advantage of opportunities in the current market.

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“Commercial real estate owners and lenders face a rapidly evolving market as over $1.5tn (£1.15tn) of US commercial real estate debt is expected to mature by the end of 2025,” said Michael E. Lefkowitz, managing member of Rosenberg & Estis, and a leader of the firm’s transactional department.

“Higher interest rates, decreased property values and escalating operating costs have made refinancing and restructuring real estate portfolios extremely challenging.

“Our new distressed real estate group provides comprehensive legal guidance for those navigating this tumultuous market.”

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The group has aimed to create a ‘one-stop shop’ for all real estate clients, which can help them navigate transactional and litigation challenges without the need to consult multiple legal advisors.

“We’ve seen every phase of the commercial real estate cycle and we understand how to help clients manage different forms of distress,” added Lefkowitz.

“Our goal is to help property owners and investors not only to survive but to find new opportunities in the current market climate.”

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