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Recent Transactions
  • Represented the administrative agent and lender in connection with the amendment of a $145 million financing of a property located in the Upper East Side neighborhood of Manhattan, New York.
  • Represented the administrative agent and lender in connection with a forbearance agreement related to a Miami, Florida hotel and a PPP Waiver Letter with respect to a related hotel property in Washington, D.C.
  • Represented the administrative agent and lender in an $87.9 million pre-development loan, comprised of a senior loan, building loan and project loan, in connection with the acquisition of a significant development site on the Williamsburg waterfront with a phased land acquisition. This transaction has been reported in the news to be the largest land transaction in New York City since the outbreak of the coronavirus pandemic.
  • Represented the agency lender in connection with advances in the aggregate amount of $74.5 million to refinance two multifamily properties located in Port Saint Lucie and Port Charlotte, Florida, under a revolving credit facility in the maximum principal amount of up to $400 million, and the addition of such properties to the collateral pool for the revolving credit facility.
  • Represented the agency lender in connection with advances in the aggregate amount of $141.6 million to refinance two multifamily properties located in Las Vegas and Henderson, Nevada, under a revolving credit facility in the maximum principal amount of up to $200 million, and the addition of such properties to the collateral pool for the revolving credit facility.
  • Represented the agency lender in connection with advances in the aggregate amount of $26.3 million to refinance two multifamily properties located in Phoenix and Tempe, Arizona, under a revolving credit facility in the initial principal amount of up to $100 million, and the addition of such properties to the collateral pool for the revolving credit facility.
  • Represented the lender on a $250 million loan financing the sale and leaseback of two distribution centers by a major retail chain.
  • Represented a hedge fund in connection with a $300 million mezzanine credit facility secured by a pledge of equity interests in various entities which own single-family residential properties.
  • Acting for AEW UK REIT PLC (LSE: AEWU, a commercial real estate fund) with respect to term and revolving loan facilities with The Royal Bank of Scotland International.
June 30, 2020 | Issue No. 13
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