Richard Rogan

Richard A. Rogan is cochair of the bankruptcy department at Jeffer Mangels Butler & Marmaro LLP in San Francisco.

Owners facing the numerous problems in the commercial real estate market have several exit strategies for cash-flow problems before foreclosure or bankruptcy.
The first meeting between lender and borrower is critical. This is an opportunity not only for the two parties to get to know one another, but also for the borrower to demonstrate competence and the ability to identify and manage any difficulties facing the building. The borrower’s goal is for the lender to walk away from the meeting with an understanding of the problems and the knowledge that the owner recognizes those issues and want to works with the lender to resolve them favorably for the benefit of both parties.
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