Special Servicer
Geography: National
Represented a CMBS special servicer in the sale of 240 distressed real estate loans with an aggregate outstanding balance in excess of $925 million.
Real Estate Investment Fund
Geography: National
Represented Rialto Capital in the closing of two multibank structured asset transactions with the Federal Deposit Insurance Corporation (FDIC) involving distressed real estate loan portfolios having a total outstanding balance in excess of $3.5 billion.
Financial Services Company
Geography: United States, Bermuda, United Kingdom
Represented LNR Property Corporation in the $1.7 billion refinancing of its senior credit and mezzanine facilities.
Special Servicer
Geography: National
Represented a CMBS special servicer in the sale of over $2 billion of REOs, the largest being a business park in California.
Special Servicer
Geography: Florida
Represented a CMBS special servicer in over a hundred commercial real estate foreclosures throughout the State of Florida.
Developer
Geography: Florida
Represented the developer of a south Florida 300+ condominium project in a workout involving a senior construction loan in excess of $120 million, a mezzanine loan in excess of $15 million, and a significant general contractor's lien.
Builder/Developer
Geography: Florida
Represented a builder and developer of residential communities in the restructuring of debt facilities for eight residential subdivision projects across the State of Florida. The aggregate outstanding loan amount for the projects was approximately $100 million.
Real Estate Fund
Geography: Florida
Represented a joint venture comprised of Priderock Capital Partners and Urdang in the acquisition of a fractured condominium project for approximately $28 million in Boca Raton, Florida. The transaction involved the reissuance of building permits, pending lawsuits and a reduced pay-off of the seller's mortgage loan.
Developer
Geography: Florida
Represented MBeach1, LLLP in the acquisition, rezoning and redevelopment of a mixed-use development located at 1111 Lincoln Road in Miami Beach, Florida.
Developer
Geography: Florida
Represented DP Property Holding LLC, as the borrower, in negotiating and structuring a $280 million construction loan to fund the construction of the 55-story EPIC Residences and Hotel in downtown Miami, Florida.
Developer
Geography: Florida
Represented the developer in the renovation and expansion of The Arlington Hotel and The Savoy Hotel, historic properties in Miami Beach. The project involved partial demolition, renovation, rooftop additions and a new seven-story building.
Developer
Geography: Florida
Represented SBR-Fortune Associates, LLLP, a partnership between entities affiliated with Sonesta Hotel Corporation and Fortune International, Inc., in the sale for $78 million of the Sonesta Beach Hotel in Key Biscayne, Florida.
Home Builder
Geography: California, Nevada
Represented Lennar Homes of California (i) in a joint venture and financing with Stockbridge Funds to acquire Central Park West, including a $375 million construction loan from Barclays Capital Real Estate, Inc., and (ii) in a joint venture with Quadrant, a real estate fund, valued at approximately $500 million, to acquire and finance land in Nevada and California.
Developer
Geography: National
Represented LandSource in the negotiating, structuring and closing a $3.5 billion investment and refinancing transaction. The transaction involved dozens of entities, as well as numerous parcels of land in five states.
Lender
Geography: Florida
Represented several lenders in closing over 100 loans, an affiliate of BCOM, Inc., in a $97 million construction loan for a residential condominium tower in Miami, Mellon United National Bank (now Sabadell United Bank) in a $118 million construction loan for the Setai hotel and condominium in Miami Beach, and a national lender in a $210 million construction loan for the Trump Royale condominium in Sunny Isles, Florida.
Developer
Geography: Florida
Represented Ugo Colombo and Giuseppe Cipriani in acquiring an interest in the owner of the Saxony Hotel site in Miami Beach and in negotiating a $102 million bridge and pre-development loan.
Developer
Geography: Florida
Represented Cabi Developers in the purchase of the Everglades Hotel property and in connection with the property development. Assembling the Everglades property required acquiring two-thirds of a downtown city block from five different owners, as well as multiple ground lessees, and involved negotiating with a labor union and acquiring an operating hotel.
Developer
Geography: Florida
Represented Leviev Boymelgreen in connection with the Marquis, a $150 million mixed-use project in Miami, that includes a 65-story building consisting of a 306-unit condominium residence and a separate 56-room luxury hotel component.
Marina Developer
Geography: Connecticut
Represented developer, Bridgeport Landing LLC, in a public private partnership to develop a massive mixed-used marina redevelopment situated on the 50-acre SteelPointe peninsula in Bridgeport, Connecticut. When completed, the redevelopment will include a 2.8 million square foot complex consisting of approximately 1,200 apartments in several high-rise and midsized buildings, a hotel tower, 250,000 square feet of offices, 650,000+ square feet of retail space and restaurants, garage and surface parking for up to 6,000 cars, a public town square and lighthouse, a 250 boat slip marina, a 50-foot-wide harbor walk along the water, entertainment venues and a potential heliport.
Lender
Geography: National
Represented lenders in several UCC Article 9 foreclosure sales in which membership interests in owners of properties located in several states have been sold.
Real Estate Fund
Geography: Florida
Represented CP-PRCP Lauderhill I, LLC ("CP-PRCP"), an affiliate of West Palm Beach-based Priderock Capital Partners, LLC, in a $21 million refinance of The Glen at Lauderhill (formerly The Villas at Lauderhill) apartment complex with lender Freddie Mac.