Matters
- Represented CMBS special servicer, on behalf of CMBS trust, in connection with restructuring of a single-asset securitization consisting of a $425 million mortgage loan to various hotel operators secured by five luxury hotels located in New York, California and Mexico, which transaction involved additional collateral, $100 million in new mezzanine debt and a complex cash management arrangement.
- Represented CMBS special servicer, on behalf of CMBS trust, in connection with restructuring of a $132,600,000 mortgage loan secured by a luxury resort, multiple golf courses and golf club in Florida, which transaction involved a transfer and amendment of the loan participation structure and conversion of a $30,400,000 mezzanine loan into equity in the sole member of the various borrower entities.
- Represented CMBS special servicer, on behalf of CMBS trust, in connection with the assumption and restructuring of a $120 million mortgage loan secured by full service hotels located in California and Florida, which transaction involved extinguishment of a junior participation interest and an assignment-in-lieu pertaining to a $40 million mezzanine loan.
- Represented collateralized debt obligation, acting through its investment advisor and special servicer, in connection with a variety of loan restructuring matters involving large commercial mortgage loans, note sales and exercise of remedies.
- Represented CMBS special servicer, on behalf of CMBS trust, in connection with a unique settlement, foreclosure and ultimate successful resolution of a defaulted commercial mortgage loan secured by large office building in Dallas, Texas.
- Represented national bank, as lender and agent, in connection with a bankruptcy and plan of reorganization involving a large syndicated loan secured by an incomplete mixed-use project.
