TO VIEW A MAP OF OUR COMMERCIAL MORTGAGE LENDING EXPERIENCE, CLICK HERE.

Polsinelli's Financial Services practice is recognized nationally for providing insightful and practical counsel to clients regarding all aspects of debt and equity financing. The firm has built a fully integrated approach to debt-related matters ranging from loan origination, servicing, sales and securitizations to financial restructuring, work-outs, loan enforcement, and bankruptcy. Our lawyers are ferociously dedicated to resolving problems quickly, efficiently, and creatively in a way that aligns with a client’s broader business goals. 

Our practice combines its experience across several disciplines to serve clients’ debt financing needs, regularly representing lenders, borrowers, issuers, investors, debtors, creditors, and master and special servicers in all matters of financing. Our attorneys help connect clients with the regional, national, and international financial markets and products suited to achieve their unique business objectives. The practice represents lenders and borrowers in virtually every phase of a finance relationship. Transactions documented and closed by our attorneys include real estate and other commercial loans, equipment financing, securitization, asset-based lending, syndicated lending facilities, cash flow lending, and loans involving non-traditional collateral. 

Our attorneys have partnered with loan originators, issuers, loan sellers and servicers on a national basis in all aspects of the CMBS market since the market’s earliest days, and we utilize that experience to deliver strategies that are legally seamless and fiscally sound. This comprehensive approach has led to the closing of more than 5,600 CMBS and real estate loans of more than $65 billion in principal amount, the successful representation of loan sellers and servicers in more than 1,200 securitizations, and the enforcement of more than 2,000 commercial loans worth more than $4.7 billion in the past five years. In addition, we advise on traditional asset-based and covenant-based loans and on projects including:
  • CMBS conduit loans, bridge loans, mezzanine financing, warehouse loan facilities, repurchase agreements, loan syndications, loan participations, and other lending arrangements
  • Loan restructurings, workouts, enforcement actions, and bankruptcy and business reorganization matters
  • Corporate banking and related transactions
  • Loan sales and purchases and other portfolio transactions
  • Strategic alliances and joint ventures
  • Venture capital financing involving financial services companies
  • Securitization and structured finance
  • Derivative transactions
  • Tax credits and incentives

Financial Services has a broad range of practice areas and services, including: 

Bridge Loans 

  • Represented lender in connection with a $170 million floating rate loan to acquire seven multi-family apartment complexes in the greater Houston, Texas metropolitan area. The transaction involved coordination of table funding by the lender’s warehouse lender.
  • Represented lender in connection with a $97 million mortgage and mezzanine bridge loan facility secured by a portfolio of seven suburban office properties in New York and New Jersey.
  • Represented lender in connection with a $63 million bridge loan secured by the multi-family component of a mixed-use condominium development in Fort Worth, Texas.
  • Represented lender in connection with a $59 million bridge loan secured by a medical office building in Jacksonville, Florida.
  • Represented lender in connection with a $45 million floating rate bridge loan secured by a retail shopping center in Pasadena, Maryland.  

CMBS Loans

  • Represented lender in connection with a series of loans totaling $110 million to a national hospitality REIT secured by 11 properties in seven states.
  • Represented lender in connection with a $104 million CMBS loan secured by 10 self-storage facilities in five states.
  • Represented lender in connection with four loans with aggregate principal amount of $72 million to an entity managed by the family office of a well-known Los Angeles real estate developer in Venice, California, and Los Angeles, California. 

Construction Loans 

  • Represented lender in connection with a $1.125 billion construction loan to construct a hotel, retail and theatre property in New York, New York.  
  • Represented family owner of 16 million square feet of real estate in connection with a $194 million construction financing of a student dormitory building in New York City. 
  • Represented four borrowers in connection with two permanent loans and two construction loans from a life insurance company totaling $64 million secured by multi-family and office buildings in Boulder, Colorado. 
  • Represented lender in connection with a $41 million construction loan to construct a distribution facility in DuPont, Washington.
  • Represented lender in connection with a $25.65 million construction loan to construct a senior housing community, including independent living, assisted living and memory care facility near Indianapolis, Indiana. 

Defeasance 

  • Represented CMBS servicer in connection with New York-style defeasance of a $1.2 billion single asset securitization secured by a large shopping mall in Miami, Florida, which was the largest defeasance in the Unites States in 2018.
  • Represented CMBS servicer in connection with New York-style defeasance of a $755 million loan secured by a large shopping mall located in Minnesota.
  • Represented CMBS servicer in connection with defeasance of a $545 million loan secured by 110 properties in 12 states.
  • Represented CMBS servicer in connection with defeasance of a $515 million single asset securitization involving 66 storage facilities in 15 states.
  • Represented CMBS servicer in connection with multiple partial defeasances, followed by final, full defeasance of a $500 million single asset securitization involving 55 properties in 23 states.

Insurance/Balance Sheet Financing 

  • Represented lender in connection with a $125 million mortgage and mezzanine loan facility secured by a self-storage portfolio in the United States. 
  • Represented lender in connection with a $101 million loan secured by a life sciences project in California involving heavy renovation and conversion. 
  • Represented lender in connection with two loans, aggregating $48 million to a borrower owned by a well-known architect and real estate developer in California. The loans were secured by commercial buildings in El Segundo, California, and Covina, California. 
  • Represented lender in connection with a $40 million self-storage portfolio loan secured by multiple properties across the country. 
  • Represented lender in connection with a $20 million loan secured by seven industrial properties in Michigan and Illinois.

Loan Modifications and Restructurings 

  • Represented a group of lenders connected with multiple modifications of a $1 billion loan structure involving eight separate loans secured by nearly 200 individual properties.
  • Represented the servicer in multiple modifications of a $150 million loan secured by an office building in Mexico City, Mexico. 
  • Represented lender in connection with the execution of Forbearance Agreements for three affiliated borrowers under a $7.6 million secured real estate facility, a $5 million standby letter-of-credit supporting a conduit bond deal, and an $8 million asset-backed line of credit. 
  • Represented lender in connection with the execution of a Forbearance Agreement for a group of borrowers under a $12 million line of credit and term loan facility.
  • Represented the servicer in the assumption of a portfolio of five loans secured by student housing projects in three states, with modification of all loan documents to accommodate joint venture structure involving U.S. and Canadian REITS.

Mezzanine Financings and Preferred Equity 

  • Represented servicer in loan and intercreditor agreement modifications of $295 million in mortgage and mezzanine loans secured by a portfolio of seven hospitality properties.
  • Represented lender in a $53 million combined mortgage and mezzanine construction facility to finance conversion from an office to a multi-family unit in Chicago, Illinois. 
  • Represented lender in connection with a $33.95 million mortgage and mezzanine construction facility to finance construction of a boutique hotel in Portland, Oregon. 
  • Represented lender in connection with a $19 million mezzanine loan secured by the membership interests in a limited liability company owning an office/data processing facility in Phoenix, Arizona, credit tenant leased to a global financial services company. 
  • Represented the preferred equity provider in connection with a $15 million senior preferred equity investment in a limited liability company acquiring 14 residential apartment buildings containing over 3,500 units in Arizona, Texas, Oklahoma, Nevada, Maryland, Florida and Virginia subject to a $140 million restructured senior credit facility. 
Recent News


Past Events