$32 Million Loan Negotiation and Acquisition of the Jockey Club in North Miami

Cineret, LLC, Tifeeret, LLC, and Tzion, LLC

Representation of client in the formation of joint-venture companies Cineret, Tifeeret, and Tzion, and in acquisition of property encompassing the Jockey Club in North Miami, Florida. We negotiated and closed a $25 million acquisition and pre-development loan from Marshall Investments, and an additional $7 million mezzanine loan from Hudson Debt Fund I. The Jockey Club contains three existing condo towers (not included in the acquisition), a marina, an adjacent tract of land, and other common areas.

Howard E. Nelson
Partner, Head of Environmental Practice
Stanley B. Price
Chair, Land Development & Government Relations Practice Group
Brian S. Adler
Adam D. Lustig
Practice Group Leader, Real Estate
Jeffrey I. Snyder
General Counsel, Head of Bankruptcy, CMBS Litigation and Workouts
Oversaw the servicing of over $6 billion worth of hotel loans involving sales and loan assumptions, restructurings, mergers, deeds-in-lieu of foreclosure, forbearances and other workouts, changes in franchises/ flags, operating/ master lease issues, private equity takeovers, changes in management, e...
Served as borrower's counsel in a $2.7 billion multi-tiered syndicated secured and mezzanine acquisition loan transaction involving a financial services company.
Representation of special servicers in connection with borrower requests for lender consent to various matters involving billions of dollars of performing CMBS loans including loan assumptions, equity transfers, loan modifications, forward and reverse 1031 exchanges, post-securitization mezzanine lo...