JD, University of California, Los Angeles
MS, Brigham Young University
BS, University of New Mexico
Peter D. Ballance concentrates his practice in real estate, representing lenders, special servicers, financial institutions, developers and property owners in financing and related transactions secured by real property. His practice also includes representing purchasers and sellers in the sale of improved and unimproved real property, and landlords and tenants in large office, industrial and retail lease negotiations. Recent lender representation in non-performing loans and distressed real estate includes a wide variety of residential developments, multifamily condominium projects and commercial and retail projects.
Prior to joining Raines Feldman LLP, Peter practiced with the law firms of Stroock & Stroock & Lavan LLP and Katten Muchin Rosenman LLP.
As an undergraduate, Peter majored in Biology, and received a Bachelor of Science degree cum laude from the University of New Mexico in 1995. He commenced his post graduate education at Brigham Young University and received a Master of Science degree in Zoology in 1997, directly followed by a position working in the neurobiology research laboratory of Nobel Prize laureate Gerald Edelman at the Scripps Research Institute in La Jolla, California. In 2001, Peter received his Juris Doctor degree from the University of California, Los Angeles, School of Law, where he served as an Articles Editor for the UCLA Entertainment Law Review.
- Represent financial institutions in workout scenarios ranging from simple loan extensions and forbearance agreements to complex restructurings and discounted payoff agreements, some granting lenders participation interests in future project profitability.
- Represent clients in complex Deed-In-Lieu of Foreclosure and Deed-In-the-Box transactions, including the negotiation and ultimate exercise by a lender of a Deed-In-the-Box on a ninety million dollar retail development project in Los Angeles, California.
- Represent financial institutions in all aspects of the foreclosure process and positioning REO properties for sale. Recent transactions include the foreclosure of a partially developed master-planned community located in Southern California that sold for seventy million dollars to a third party buyer on the steps of the Los Angeles County Courthouse.
- Represent borrowers in all aspects of conventional commercial real estate loans and mezzanine loans, including the recent acquisition financing of a prominent office complex in Beverly Hills, California.
- Represent CMBS lenders in all aspects of CMBS financing transactions, including typical single property financings, as well as portfolio financings and tenant in common structures.
Peter is a member of the State Bar of California, the Real Property Law Section of the State Bar of California, and the Los Angeles County Bar Association. He is admitted to practice in California and before the United States District Court for the Southern, Northern and Central Districts of California.