Represented construction lender in connection with loan for ground up construction of mixed-use building and negotiated participation with additional lenders.
Represented sponsor in connection with acquiring property in Harlem, raising capital through syndication and construction financing for development of residential towers with co-living components.
Represented lender in connection with loan to developer for planned communities for multi-family bungalows in excess of $80,000,000.
Represented sponsor in connection with negotiating JV and raising capital through syndication, acquisition of property, secured construction financing for development of production studio.
Represented a bank in the workout of a series of loans to a single borrower totaling $165,000,000, including acceptance of three deeds-in-lieu of foreclosure, three second mortgages, and a first mortgage on an additional property.
Represented a boutique investment bank in the structure and documentation of a joint venture fund to acquire, refinance and ultimately dispose of “legacy” subordinate loan assets.
Represented a conduit lender in connection with a $123,000,000 loan secured by 43 multifamily residential properties located in Chicago, Illinois.
Represented a conduit lender in connection with a $95,000,000 loan secured by a hotel and waterpark resort located in Wisconsin.
Represented a leading private lender in the creation of a joint venture fund vehicle that is being formed to issue or acquire senior mortgage loans and issue unlisted debt secured against such assets.
Represented a mezzanine lender in the foreclosure of its security interest in collateral consisting of a 100% membership interest in a company that held fee title to an office property. The representation included the subsequent assumption by the mezzanine lender of the $40 million senior loan that was secured by a mortgage on the office property.
Represented a private lender in the workout of two mortgage loans totaling $85,000,000, including the acceptance of a profits interest in the owners of the mortgaged property.
Represented accounting firm in 32,000 rsf satellite lease on Third Avenue in Manhattan.
Represented an alliance of broadcasters in the construction of its antennas and transmission space atop the World Trade Center and the Empire State Building.
Represented an institutional lender in the negotiation of a forbearance and settlement agreement relating to a defaulted $102,000,000 loan secured by an oceanfront property.
Represented an institutional lender in the proposed workout of a $35,000,000 loan secured by a proposed resort condominium property and the subsequent commencement of foreclosure proceedings.
Represented big-box retail tenant in long-term ground leases for several development sites throughout the Midwest.
Represented borrower in connection with the acquisition of a $65,000,000 portfolio of distressed first mortgage and mezzanine loans at a discount from a balance sheet lender.
Represented borrower in the negotiation of a forbearance agreement and loan modification in connection with a $50,000,000 mezzanine loan and $100,000,000 secured by a pledge of interests and mortgage on a hospitality asset.