Joe Pack, of Pack Law, left, and U.S. Bankruptcy Judge Robert Mark, right. Photos: Courtesy/Aixa Montero Holt/ALM How They Did It: Mary Brickell Village's Quick Bankruptcy Approval Could Be Blueprint for Borrowers With Equity
An attorney said the case served as a blueprint for commercial real estate borrowers that have equity or access to capital, but lenders are still aggressively exercising their perceived rights to enforce technical defaults under the loan documents.
January 13, 2022 at 03:01 PM
3 minute read
A federal bankruptcy judge entered an order confirming a South Florida litigator's second amended Chapter 11 plan for his client Mary Brickell Village Hotel LLC, also known as the Aloft Miami Brickell.
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