Gudmundson, Scott D. Of Counsel

Gudmundson, Scott D. Of Counsel

Practice Focus

Scott Gudmundson has more than 28 years of experience representing builders, developers and other property owners in real estate matters, including acquisitions and dispositions, leasing, real estate development, land use and zoning, real estate finance, tax increment financing and other creative funding vehicles.
He regularly counsels and advises clients on residential, commercial and industrial real estate projects, including city and suburban single family/townhome developments; condominium developments and conversions; mixed use projects; apartment buildings; office buildings; shopping centers; factories; warehouses; and nursing homes.

In addition to his owner/developer practice, Scott represents lead and mezzanine lenders in residential, commercial and industrial real estate acquisition, development, construction and permanent financing transactions. He has extensive experience representing clients in restructuring and workouts of troubled loans, deeds in lieu, consent foreclosures and other debtor/creditor enforcement actions. Scott’s representation of both borrowers and lenders allows him to identify and address issues and offer insight from both perspectives. He also has represented banks and investors in the sale and purchase of notes (and loan portfolios) secured by real estate.

Scott also represents small- to medium-sized companies in formation, operation, financing, and transfer or divesture of businesses or business assets.

Professional Background

Scott became Of Counsel to Tressler in September 2013. He began his legal career in 1985 as an associate with the law firm of Sachnoff & Weaver, Ltd. (since merged), and was promoted to partner in the firm in 1990. From June 1996 to March 2012, he was a partner with the Schaumburg law firm of Meltzer Purtill & Stelle, LLC, before forming Gudmundson Law, P.C., in April 2012, which he continues to maintain. 

Representative Experience

  • Represented a national public homebuilder in its acquisition and development of more than 30 projects in Illinois
  • Represented a group of lenders that held a secured loan on a stalled high-rise condominium in Chicago’s South Loop.
  • Represented Kimball Hill Homes and its Trusts in the disposition of Kimball Hill’s remaining Illinois real estate assets.
  • Represented an investor in its purchase of a partially improved residential subdivision
  • Represented a shopping center developer in the acquisition of outlots in a suburban shopping center/hotel project