$775 Million Loan Restructuring for California Joint Venture Development

National homebuilder

Representation of homebuilder as part of a joint venture in the acquisition, financing, and subsequent restructuring of a $775 million loan for a former Marine Corps air station in Orange County, California. Spanning almost 4,000 acres, the property features the Orange County Great Park as well as residential, golf, commercial, and school uses.

Brian L. Bilzin
Founder, Counsel
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...