How law firms are working with investors in today’s distressed asset environment
Restructuring capital and recapitalizing distressed assets can be a difficult process at any time. But with interest rates set for “higher for longer” and with asset valuations in flux, the task can be particularly strenuous now. For that reason, firms such as ANAX Real Estate Partners are partnering with law firms to dig into the legal standards and nuances that affect how they navigate today’s recapitalization landscape.
ANAX’s partnership with the law firm Jacobs P.C. has helped ANAX to better prepare for and engage with the demands of today’s regulatory and financial picture. Specifically, as ANAX looks to deploy between $150 million and $200 million toward primarily middle-market multifamily assets in New York City, the firm is seeking to flexibly, creatively and effectively engage with legal stipulations and market conditions to capture the best deals possible.
As fund managers began to recognize and accept the devaluation of certain real estate assets,