Billions of dollars in debt restructuring are expected in the Mark to Market (M2M) program. Lenders will play a critical role in the M2M program. A modification of an existing loan, or a new take out financing (e.g., a conventional, FHA, or HFA-risk sharing), will be required to complete successful full restructuring transactions. The existing lender will be invited to a kickoff meeting and will have the opportunity to offer financing.
Regardless of the financing alternative selected by the owner, the PAE must ensure the terms are competitive and consistent with the Restructuring Plan recommended to the Office of Recapitalization (Recap).
Closing and Post-Closing questions? Contact Beverly Rudman, Director, Recap's Closing/Post-Closing Division at (202) 402-8395.
Find out more about M2M Closings:
Other Closing/Post Closing Information:
||Closing Hotline: (202) 402-8390|
||Closing Fax Number: (202) 708-5755|
Need to contact your M2M Closing Coordinator? See the Closing/Post-Closing staff directory below:
Staff | Telephone
Patricia Casey, (202) 245-4191
Cheryl Felton, (202) 402-6544
Lynn Greene, (202) 402-8378
Kazuma Kazeyama, (202) 402-4151
Jason Loyash, (202) 402-2301
Ivan May, (202) 402-3471
LaChrisa McKinney, (312) 913-8376*
Mona Sykes, (202) 402-8384
Simon Tyaba, (202) 402-4187
*Stationed in Branch 3