Residential Funding Company LLC

Portigon AG

Our attorneys represented Portigon, AG, formerly known as WestLB AG, New York Branch, as administrative agent for a syndicate of lenders to affiliates of Residential Funding Company LLC in connection with the exercise of remedies under a $1.4 billion structured real estate development loan facility, including the appointment of a new servicer and the restructuring of the existing facility documents following early amortization events. The restructuring resulted in the payment in full of all amounts owing under the RFC Facility.

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