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WASHINGTON, DC-Three months ago, a private equity firm approached Tom
 Galli, a Washington, DC-based attorney at Greenberg Traurig, with an intriguing proposition: it wanted to team up with a bank to acquire a
 nonperforming real estate loan portfolio from a failed institution.

The healthy bank would take the assets it wanted from the seized bank and the private equity fund would take the nonperforming real estate loan 
portfolio. “We took the transaction to the one-yard line, at which point the parties elected not to proceed due to a failure to reach an agreement on
 a couple of business terms,” Galli reports.

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