A CTSW client has achieved not only 100% ownership of an apartment complex in NYC, but also a 100% return on its investment. That's the result of a year-and-a-half process starting with the purchase of a mortgage note in foreclosure. After a drawn-out battle with the owner, the client took control of the properties, bought out the partner, and refinanced the property. The result is a sweet deal on a valuable piece of real estate.

“This began as quite a knot to untangle, but is a real victory for our client,” said Larry Tauber, head of CTSW's real estate practice. “We understood at every step why the end result would be so valuable to the client's business goals.” Courtney Birnbaum assisted on the multiple transactions along the way.