$30 Million Acquisition and Redevelopment of Lauderhill Apartment Complex

Priderock Capital Partners, LLC

Representation of an affiliate of Priderock Capital Partners in refinancing the Villas of Lauderhill, a Broward County, Florida, apartment complex valued at $30 million with a new $21 million loan by Freddie Mac. This project involved the acquisition of a hurricane-damaged property from a lender who had foreclosed on the development. We worked with the City of Lauderhill to obtain permits and approvals to repair and renovate the entire complex and we revising the ownership structure to fit within Freddie Mac guidelines.

John C. Sumberg
Founder, Chairman
Howard E. Nelson
Partner, Head of Environmental Practice
Handled the sale of over 2,000 REOs, with aggregate purchase prices in the billions of dollars, through both the negotiation and closing of individual sales and the structuring and sale by auction of multiple properties. The largest was approximately $216 million, which was the sale of a major hotel...
Analyzed cleanup strategies in order to resolve soil and contamination issues on homebuilder client’s property in Broward County, Florida. Negotiation with the Broward County Environmental Protection Division to obtain a restrictive covenant to allow for residential development on the property.
Representation of real estate investment company in connection with the environmental investigation and remediation plan for a five acre residential community and golf course. Successfully determined scope of assessment and provided recommendations for final remediation plan while representing clien...