LIBOR Preparedness Team
Real Estate Workouts & Restructurings
New York Law School - J.D., 1997, magna cum laude
Binghamton University - B.A., 1992
Holly Chamberlain’s practice focuses on real estate finance as well as matters affecting property owners’ ownership, acquisition and disposition of real estate interests. She represents lenders in the financing of a range of properties, including: office, retail, hotel, multi-family, industrial and skilled nursing facilities through single asset as well as multi-state and multi-property transactions. She advises clients on a wide range of transactions, such as: the origination of mortgage and mezzanine loans (including stabilized and unstabilized assets, term loans, bridge loans, revolving credit facilities and future advance facilities), preferred equity investments in real estate joint ventures, unsecured real estate loans, single-family rental bridge and term facilities, loan workouts and consensual foreclosure.
Holly also advises on the negotiation of co-lender and intercreditor agreements, secondary market mortgage and mezzanine loan sales, loan servicing, the acquisition and disposition of properties, negotiations of property management agreements and the renegotiation, acquisition and sale of stressed real estate loans.
Holly has been recognized as a leading real estate lawyer by Chambers USA and was a recipient of Connect Media’s inaugural “Lawyers in Real Estate” award that recognized the top 50 real estate lawyers in the country.
A member of the Women’s Leadership Initiative, Holly also serves as Partner Mentor for several associates and summer associates, is a primary representative for the firm in its recruiting efforts both on and off campus, and is a sponsor to “protégées” in the firm’s Sponsorship Program. Holly is also a member of the CREFC Women’s Network.
Holly received her J.D., magna cum laude, from New York Law School, where she was an Executive Articles Editor of the New York Law School Law Review, and her B.A. in history from the State University of New York at Binghamton. She is admitted to practice in the States of North Carolina, New York and Massachusetts (inactive).
Recent transactions on which Holly has advised include her representation of:
- The lenders in a $3 billion single-asset/single-borrower securitized refinancing of One Vanderbilt in New York City, the largest-ever fixed rate CMBS financing secured by a single asset.
- The lenders in a $550 million securitized mortgage loan secured by a retail and office plaza located in Los Angeles.
- The administrative agent and lender in a loan facility consisting of a $410 million mortgage loan and up to $100 million of availability for tenant and capital improvements to refinance existing debt and fund future upgrades to a landmark office property in New York City.
- The administrative agent and lender in a $100 million revolving credit facility, the proceeds of which are expected to be used to acquire and/or refinance industrial properties located in multiple states.
- The lender in a $110 million mortgage loan in connection with the acquisition of the long term lease of 27 Drydock Avenue located in the Boston Seaport.
- The administrative agent and lenders in an $850 million syndicated mortgage loan secured by One Liberty Plaza in Lower Manhattan.
- A hedge fund in obtaining financing for a 1000+ single family home portfolio and the ultimate sale of such residential portfolio to a REIT.
- The co-lender in a $112 million mortgage loan in connection with a note purchase secured by an office property in Washington, D.C.
- The lender in a $1.05 billion mortgage loan and a $125 million mezzanine loan secured by 85 retail properties.
- The administrative agent and lender in a $499.25 million syndicated mortgage loan and mezzanine loans aggregating $125 million secured by Pacific Corporate Towers, a three-building complex in El Segundo, California.
- The special servicer in (a) the foreclosure by the mortgage lender of a defaulted mortgage loan indirectly secured by a well-known hotel resort and casino, (b) general operation of the property as REO and (c) the sale of the property.
- A hedge fund in providing a $300 million subordinate debt credit facility to a real estate FinTech company.
- The administrative agent and lenders in a $740 million syndicated mortgage loan and two mezzanine loans aggregating $178 million secured by 27 shopping centers in connection with the $1.9 billion acquisition of 49 U.S. shopping centers from one of Canada’s largest REITs, by a global real estate investment firm.
- The lender in a $710 million mortgage loan to refinance existing debt secured by fee interest and leasehold interests in an approximately 1.5 million square foot portfolio of eight urban retail and office properties in New York, NY, Boston, MA, Washington, D.C., San Francisco, CA and Miami, FL.
- The co-lenders, in a balance sheet bridge loan that was converted into a $693.2 million securitized mortgage loan and an $87.8 million mezzanine loan secured by 237 Park Avenue in Midtown Manhattan.
- The lenders in a $355 million single-asset securitized mortgage loan secured by the Waikiki Beach Marriott Resort in Honolulu.
- The administrative agent and lender in a $100 million credit facility secured by a portfolio of approximately 235 single-family rental properties located throughout the Southwest United States for an affiliate of a preeminent private investment firm in China with over $10 billion of assets under management.
- The administrative agent and lender in a $100.8 million mortgage loan secured by 79 properties in connection with their acquisition by a private investment firm from such lender following the lender’s foreclosure on the assets.
- A hedge fund in the origination of, and ultimate foreclosure on, a $15 million line of credit to the operator of high-end skilled nursing facilities in Texas.
- The lender in three securitized mortgage loans aggregating $101.5 million secured by a three multifamily properties in Las Vegas for two global real estate funds.
- The co-lenders in a $350 million mortgage loan to refinance existing debt secured by 11 single-tenant industrial properties located in eight states for a public REIT that owns and leases industrial and logistics properties throughout the United States.
- The co-lenders in a $525 million fixed-rate securitized mortgage loan secured by a two-building office complex that is one of the largest developments in recent years in Washington, D.C.
- The administrative agent and lender in a $261 million syndicated mortgage loan and $52 million mezzanine loan to refinance existing debt secured by a portfolio of eight office properties in Austin, Texas for a private real estate investment firm.
- The lender in a $403 million fixed-rate securitized mortgage loan to finance the $602 million acquisition of a hotel resort and spa in Phoenix by a joint venture from a global real estate investment firm.
- The administrative agent and lender in a $560 million mortgage loan to finance the acquisition of the JPMorgan Chase Tower, the tallest office tower in Houston, and adjacent Chase Center in Houston by a partnership between two real estate investment firms.
- The co-lenders in an $870 million floating-rate mortgage loan and two mezzanine loans aggregating $170 million secured by a portfolio of 92 hotels in 30 states.
- The lender in a $335 million single asset single borrower (SASB) securitized mortgage loan secured by 83 skilled nursing and assisted living facilities in 12 states; two mezzanine loans aggregating $270 million that are secured by the equity interest in the portfolio and 13 additional facilities; and a $230 million syndicated mortgage loan secured by a number of the properties.
- The co-lenders in a $650 million securitized mortgage loan secured primarily of land under a portfolio of industrial properties located in Oahu, Hawaii.
- The lenders in a $212 million mortgage loan secured by a portfolio of eight data centers.