Burdened by Debt, Savvy SF Office Owners Get Creative
April 18, 2024
Media Coverage
The San Francisco Standard
Restructuring, insolvency, and creditors rights partner Gary Kaplan provided expert commentary in The San Francisco Standard article, "Burdened by Debt, Savvy SF Office Owners Get Creative."
In the article, Gary explained that in most cases, lenders are loath to take back and operate commercial buildings themselves. “They just want to get paid,” he said of lenders, and because commercial deals are mostly transacted through limited liability companies, recouping value on the property is their only recourse.
Additionally, he said, "The figures that borrowers and owners got [before the pandemic] are not as relevant anymore as the facts on the ground. Forget about the original money; it’s gone.”
Read the full article and Gary's commentary here.