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Peter Ballance represents lenders, borrowers, developers and property owners in a wide range of commercial real estate transactions throughout the country. He has particular experience in commercial real estate financing, the purchase and sale of improved and unimproved real property and loan workouts in connection with distressed properties.

Representing institutional lenders, financial institutions, developers and other property owners, Peter is familiar with many forms of financing and acquisition, as well as disposition transactions. He is fluent in securitized lending, mezzanine loans, and construction loans, and his transactions have touched on a wide range of property types, including office, industrial, residential, multifamily, retail, hospitality and mixed use. Peter possesses real-time, in-depth market knowledge and extensive national experience in advising lenders and borrowers throughout the loan life cycle. He delivers efficient and practical guidance to help his clients accomplish their specific business and legal objectives.

Peter also devotes a significant amount of time to representing institutional lenders in loan restructurings and workouts, foreclosures, deed-in-lieu and deed-in-the-box transactions, as well as positioning REO assets for sale. He also advises clients on nonperforming loans and distressed real estate in all asset classes. Peter’s significant experience in all real estate finance matters enables him to provide exceptional counsel and up-to-the-minute insight.

Publications

  • “Loan Purchases: Lenders and Investors Weathering the COVID-19 Economic Downturn to Find the Other Side of the Rainbow,” Real Estate Finance Journal, Spring 2021
  • "The Nuts and Bolts of Loan Purchases and Sales (Part 1: Purchaser Due Diligence)," Stroock Client Alert, March 1, 2021
  • "New Opportunities for Investors to Drive the Reset of CRE," Commercial Property Executive, February 8, 2021
  • "California Real Estate Regulations, Legislation To Watch In 2021," Law 360, January, 3, 2021
  • "The Market for Distressed Assets Is Only Beginning," Globe Street, November 2020

Honors & Awards

  • Best Lawyers in America, Real Estate Law

Admitted To Practice

States and Territories

  • California

United States District Courts

  • Northern District of California
  • Southern District of California
  • Central District of California

Memberships

  • The LGBTQ+ Bar Association of Los Angeles
  • National Association of Gay & Lesbian Real Estate Professionals
  • City of Hope, Los Angeles Real Estate Counsel, Executive Board Member
  • Los Angeles County Bar Association
  • State Bar of California, Real Property Law Section

Education

J.D., University of California, Los Angeles, School of Law

M.S., Brigham Young University

B.S., The University of New Mexico