Related Practice Areas
Commercial Foreclosures and Loan Workouts
Cullen and Dykman LLP has deep and broad experience representing banks, credit unions and private lenders in commercial foreclosure actions. The Firm has a team of experienced attorneys devoted to handling commercial foreclosures. Several of our partners and counsel have been practicing in the foreclosure area for over twenty (20) years. We have foreclosed mortgages secured by office and retail buildings, large apartment buildings and mixed use properties throughout New York City, Long Island, Westchester, Rockland, Orange and Putnam Counties as well as Upstate New York and New Jersey. We also have prosecuted foreclosure actions in United States District Courts and within the context of Bankruptcy Actions. We know the foreclosure process and keep apprised of the rules and trends as they change and develop. Our attorneys have broad experience in defending against lender liability and other counterclaims as well as addressing issues raised by the courts.
The attorneys at Cullen and Dykman realize that often the best solution is to come up with a non-judicial resolution that maximizes the return for the client while reducing the costs of prosecuting a commercial foreclosure action. To this end our attorneys work to provide a multidisciplinary approach to representing clients with respect to problem loans. Our attorneys routinely negotiate and document loan workouts, forbearance agreements and the sale of distressed assets. Using the resources of attorneys throughout the Firm, we regularly represent lending institutions in the sale of defaulted or distressed loans to investors. The Firm has been involved in the restructuring of all types of real estate loans, including commercial mortgage loans, construction loans, bridge loans, mezzanine loans and preferred equity investments. Firm attorneys have also been involved in a wide range of commercial loan restructurings ranging from single bank lines of credit, to shared credit subject to intercreditor agreements, to syndicated credits.
We've provided these services as General Counsel in some of the following industries: BANKING
- February 9, 2012
- July 21, 2011
- July 31, 2013
- Marna Bernstein Named to "Who's Who in Commercial and Residential Real Estate Law and Accounting" by Long Island Business NewsDecember 16, 2011
- Cullen and Dykman LLP Successfully Completes Bulk UCC Foreclosure Auction of 89 Manhattan Coop Units and Defeats TRO ApplicationJuly 21, 2011
- Two Cullen and Dykman Partners Invited to Serve on New York State Chief Administrative Judge Ann Pfau’s Task Forces Involving Electronic Discovery and Foreclosures2011