Complex Real Estate Debt.
Coherent Paths to Better Outcomes.

Since 2010, CASE has advised on complex commercial real estate debt situations where leverage, timing, and preparation determine the outcome. We are typically retained by sophisticated investors — institutions, family offices, and high-net-worth individuals — and bring experience in property operations, finance, investing, and high‑stakes negotiations.

We are selective because our reputation makes our involvement consequential. When CASE enters a situation, counterparties assume the facts have been underwritten, the documents read, and the lender’s options mapped. That changes the temperature in the room, narrows the space for bluffing, and forces a more honest conversation about recovery and downside — signaling that the sponsor or counsel intends to run a real process, not a hopeful one.

A timeline chart showing focus and intensity percentages over 18 months for various stages in a property transaction process. Stages include Property Diligence & Strategy Development, Distressed Asset Management Advisory, Legal Counsel Coordination, Lender Diligence & Appraisal Period, Lender Communications, and Negotiation Period.

We reframe the process where lawyers and brokers traditionally hit negotiation walls.

Clear workout strategies that demystify the process for Borrowers.

Expertise in comprehensive asset diligence.

  • Assist borrowers in conveying property nuances, preventing lender overvaluations

  • Establish a credible baseline for borrowers negotiating position

  • Frame borrower expertise and real lender alternatives in economic terms

360° stakeholder perspective — we are borrowers, operators, lenders, and CMBS bondholders

Expertise in CMBS, structured finance, and complex multi‑lender capital stacks.

  • GP/LP restructuring to attract and align new capital

  • Frame lender perspective of market and asset realities through the lens of the borrower’s expertise

  • Strategies developed in tight coordination with client’s counsel.

Testimonials

“Shlomo's years of experience in the CMBS field has helped many borrowers/guarantors facing exposure to recourse liability navigate though this minefield resulting in loan modifications and discounted payoffs (when that option was available) that staved off foreclosures/ receiverships and the resulting loss of equity for investors. He is definitely the expert”

— Robert Kracht
McCarthy, Lebit, Crystal & Liffman

“I have had the distinct pleasure of working with Shlomo on several challenging commercial loan work-outs over this past year. His knowledge, business acumen, and strategic perspective provide him with a unique and effective approach towards the challenges of the financial restructuring of complex commercial real estate investments.”

— Craig Meek
     Meek Development

“Shlomo gives us insight into and clarity with respect to an area that is very difficult to navigate! Thanks again for stepping in at the last minute last year to help my client (at Paul, Weiss) close what we initially thought was going to be an “easy/slam dunk” transfer.”

— Daniel Kunstlinger
    Paul, Weiss, Rifkind, Wharton & Garrison

“Shlomo Chopp and the team at CPS recently guided a client of mine through a distressed debt restructuring. His relationship, knowledge and creativity are impressive -- I highly recommend this team.”

— Zalmy Lieberman
     Rose Equity Management

Having interacted with Shlomo and the CPS team over the last 10 years, I note their unique expertise in quarterbacking the entire restructuring process, including negotiation, legal and property expertise.

— Moishe Loketch
     The Loketch Group

Select Restructurings

A large hotel building with the Marriott logo, palm trees, and a partly cloudy sky in Arizona.
Sign for Jo Ann Fabrics and Crafts at a shopping mall in Minnesota with a parking lot in front.
Street view of a commercial building in New York with T-Mobile, Burger King, and Elite Nails Spa storefronts, cars parked along the street, and a clear blue sky.
Modern multi-family apartment building in New York with glass balconies and brick exterior, situated above retail shops on a city street.
Tall office building in Louisiana with American and state flags, advertisement for CMBS discounted payoff.
Exterior of a Marriott hotel in Minnesota, with a sign advertising discounted payoff for CMBS loans.

“Having worked with Shlomo in the past I can personally attest to his knowledge and success in each of these areas. There is a reason why so many borrowers swear by him.”

— Eric Frankel
     Lexington Realty International