On January 31, 2020, the Eastern District Bankruptcy Court entered an Order confirming the Chapter 11 Plan of Brooklyn Buildings LLC. The debtor is the owner of a portfolio of distressed multi-family homes in Brooklyn which is part of the “Neighborhood Homes Program,” administered by the New York City Department of Housing Preservation and Development.
The filing of the Chapter 11 enabled the debtor to stay the pending foreclosure of the multi-million dollar portfolio. Under the guidance anf expertise of Kirby Aisner & Curley, LLP, not only was the debtor able to resolve open issues with HPD but it was able to close on $3 million in exit financing which refinanced certain high interest mortgage debt and funded rehabilitation of the properties.
The Firm’s team that represented Brooklyn Buildings LLC was led by Erica Aisner.