Cadwalader’s real estate group represented a syndicate of nine lenders through two separate mortgage loan financings in the aggregate amount of $4 billion that was secured by 39 multifamily properties in 11 states that were each ultimately disposted of in CMBS bond offerings.  The $4 billion CMBS financing package was takeout financing for a syndicated balance sheet financing provided by the same group of lenders to finance, in part, the take private acquisition of a publicly treated REIT.