Charlie Sanger advises clients in the areas of commercial finance, real estate and creditors' rights. Charlie represents owners, investors, manufacturers and commercial developers in the acquisition, development and disposition of various types of projects, including the sale of distressed businesses. He represents commercial lenders and developers in all phases of purchasing, developing and constructing various types of real estate projects with an emphasis on retail and multi-family projects.
A significant portion of Charlie’s practice is also concentrated in the representation of special servicers, special assets departments and financial institutions in regulatory and transactional matters. These matters include documenting large commercial loans, structuring loan workouts, conducting foreclosures and disposing of distressed assets and foreclosed assets.
Listed in The Best Lawyers In America®, Banking and Finance Law, 2007-2022 Listed in Chambers USA Banking & Finance, 2010-2011 Banking & Finance: Transactional, 2008-2009 Listed in Mid-South Super Lawyers, Banking, 2007 Assisting Creditors in Collection, Workout and/or Foreclosure Assisting creditors in the collection, workout and/or foreclosure of over 300 commercial projects. This includes obtaining the appointment of receivers and work in connection with Chapter 11 proceedings. Assisting Lenders with Individual Real Estate Dispositions Assisting lenders with individual real estate dispositions (he has also coordinated the packaged sale of over 100 OREO properties in 4 different sates). Assisting Real Estate Developers Assisting real estate developers in connection with the acquisition, development and financing of over 15 commercial shopping centers. Assisting Lenders and Borrowers Assisting lenders and borrowers in all facets of documenting and closing over 200 commercial credit facilities. Assisting Lenders in Mezzanine Financing Transactions Assisting lenders in over 20 mezzanine financing transactions. Wells Fargo Bank, NA, as trustee for the registered holders of Credit Suisse First Boston Mortgage Securities Corp., Commercial Mortgage Pass-Through Certificates, series 2005-C6, v. Maruti Somerset Park, LLC, et al. Special Servicer hired us to obtain an emergency receivership over the objection of the borrower for this apartment complex and to assert multi-million dollar claims against the guarantors, as well as the sub-servicer and master servicer for breach of duties arising out of a pooling and servicing agreement. Wells Fargo Bank, National Association, as trustee for the registered holders of ML-CFC Commercial Mortgage Trust 2006-3, Commercial Mortgage Pass-Through Certificates, Series 2006-3 v. VNM Memphis, LLC We obtained an emergency receivership of this franchised hotel and successfully transitioned the hotel to a receiver with hospitality experience without losing the flag. Acquisition of Defaulted Real Estate Loans Represented distressed asset investor in acquisition of over $10 million in defaulted real estate loans. Acquisition of Real Estate Secured Loans Represented investors in distressed debt in acquiring loans secured by office building and shopping center in multiple jurisdictions. Complex Foreclosure Transaction Represented secured creditors in foreclosing on complex residential and commercial condominium project involving syndicated loans, discounted payoff transactions, and dealing with foreclosure transactions. Discounted Payoff Negotiations and Resource Liability Representation Represented borrowers and special servicers in transactions involving discounted payoff negotiations and recourse liability issues. Sale of Commercial Loan Pool Represented regional financial institution in sale of defaulted commercial loan pool. Sale of Defaulted Real Estate Loans Represented lead lender in sale of $30 million in defaulted real estate loans involving tax credits for affordable housing project.