Matters
- Represented lender in approximately $325,000,000 syndicated mortgage loan with future funding and $37,800,000 mezzanine loan secured by a portfolio of medical office building and the subsequent sale of the mezzanine loan and mortgage loan notes to co-lenders.
- Represented lender in $762,000,000 mortgage loan secured by an office building in San Francisco; the loan was the subject of a standalone securitization and included in a number of conduit securitizations.
- Represented lender in $460,000,000 mortgage loan and $100,000,000 mezzanine loan secured by a full-service oceanfront hotel in Florida; the mortgage loan was the subject of a standalone securitization.
- Represented lender in numerous mortgage loans secured by super-regional malls that were the subject of standalone securitizations including the first post-COVID standalone securitization.
- Represented lender in $754,000,000 mortgage loan and $96,000,000 mezzanine loan secured by a portfolio of over 45 select service hotels; the mortgage loan was the subject of a standalone securitization.
- Represented lender in $555,000,000 mortgage loan and $152,400,000 and $75,000,000 mezzanine loans secured by a portfolio of over 60 skilled nursing facilities; the mortgage loan was the subject of a standalone securitization.
- Represented lender in $225,000,000 syndicated mortgage loan secured by a full-service hotel in Washington, D.C. and the subsequent sale of notes to co-lenders.
- Represented lender in $900,000,000 syndicated mortgage loan with future funding secured by a mixed use building in Manhattan and the subsequent sale of notes to co-lenders.
- Represented lender in $373,800,000 syndicated mortgage loan with future funding and $54,000,000 mezzanine loan secured by a mixed use building in Chicago and the subsequent sale of notes to co-lenders.
- Represented co-lender in the origination of a $900,000,000 mortgage loan secured by a portfolio of office and studio properties in California and the negotiation of all co-lending documentation. The loan was the subject of a standalone securitization.
- Represented co-lender in the purchase of a $64,500,000 note of a $193,500,000 syndicated mortgage loan with future funding secured by a portfolio of logistics properties and the negotiation of the co-lender agreement.
- Represented lead mezzanine lender in the origination of a $32,000,000 mezzanine loan subordinate to a $97,000,000 mortgage loan secured by a mixed use property in Las Vegas and the negotiation of all co-lending and participation documentation. The mezzanine loan was subject to a co-lender agreement between two ultimate noteholders and the lead lender subsequently sold a participation interest in its note.
- Represented mezzanine lender in the origination of a $28,500,000 construction mezzanine loan indirectly secured by a retail development in Las Vegas and the sale of a 49% participation interest in the loan to an Israeli insurance company.
- Represented lender in $74,780,000 mortgage loan with future funding secured by an office building in Washington, D.C.
- Represented lender in $39,700,000 mortgage loan with future funding secured by a mixed use building in Manhattan.
- Represented lender in $22,000,000 mortgage loan and $3,500,000 mezzanine loan secured by an event space in Brooklyn.
- Represented lender in $50,000,000 mortgage loan with future funding secured by a student housing property in College Station, Texas.
- Represented lender in $23,675,000 mortgage loan with future funding in connection with the gut renovation of a hotel in New Haven, Connecticut that was subject to additional financing through the sale of historic tax credits.
- Represented mezzanine B lender in $225,000,000 mezzanine loan that was subordinate to a $1,200,000,000 mortgage loan and a $325,000,000 mezzanine loan and senior to a $100,000,000 mezzanine loan secured by a Caribbean resort.
- Represented mezzanine B lender in $176,400,000 mezzanine loan that was subordinate to a $1,220,000,000 syndicated mortgage loan and a $196,600,000 mezzanine loan secured by a portfolio of industrial properties.
- Represented mezzanine lender in $12,400,000 mezzanine loan with future funding that was subordinate to a $80,400,000 syndicated mortgage loan with future funding secured by an office building in Nashville.
- Represented mezzanine lender in $20,000,000 mezzanine construction loan that was subordinate to a $52,800,000 construction mortgage loan financing the development of a multi-family project in Denver.
- Represented mezzanine lender and preferred equity investor in $35,000,000 mezzanine construction loan and $40,000,000 preferred equity investment that was subordinate to a $7,800,000 construction bond loan and a $142,200,000 conventional construction mortgage loan financing the development of a multi-family project in Boston
- Represented mezzanine lender in $165,000,000 syndicated mezzanine loan securing a joint venture partner’s interests in two office buildings in Manhattan that were both subject to existing mortgage loans.
- Represented mezzanine lender in the recapitalization of a hotel under construction in Brooklyn involving the purchase of a fee interest in the land and the negotiation of a ground lease, new mortgage and mezzanine loans and preferred equity documents.
- Represented mortgage REIT in the modification of over 20 loans across its portfolio which have been impacted as a result of the COVID-19 pandemic. Nearly all of the affected loans were pledged to line lenders in repurchase facilities or were financed via a CLO, requiring multi-party negotiations.
- Represented a private equity fund as the mezzanine lender in the workout of mortgage and mezzanine loans secured by a hotel in Lower Manhattan. The transaction eventually involved an acquisition in lieu of foreclosure of the mezzanine loan, a joint venture between our client and a new operating partner, a refinance of the mortgage loan and the negotiation of a new franchise agreement.
- Represented a real estate investment trust on the discounted payoff of a loan secured by a portfolio of three office buildings in Morris and Union Counties, New Jersey.
- Represented a closely-held corporation in the sale of a retail building with development rights in Manhattan.
- Represented a non-profit hospital in the long-term ground lease and partial lease back of a hospital campus in Westchester County, New York.
