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ARTICLE · 01 JULY 2009

Due Diligence for Lenders With Distressed Assets

Holland & Knight
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It is important for lenders – and their special asset/portfolio management teams - to take inventory of lenders’ real estate collateral.

United StatesReal Estate and Construction
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Robbin Newman is a Partner in our Ft Lauderdale office

It is important for lenders – and their special asset/portfolio management teams - to take inventory of lenders' real estate collateral. This is especially true now that lenders have scaled back on new loans and are focused on managing their real estate collateral portfolios due to potential or pending loan defaults by borrowers. Such inventories include reviewing permits, licenses, zoning and land-use approvals, leases and other due diligence that, if neglected, could result in devaluation of the collateral.

The following discussion and checklist are designed to assist in the carrying out of this due diligence (with particular attention to Florida law).

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