$590 Million Financing of Miami Design District Properties and Restructuring

Miami Design District Associates, LLC

Representation of Miami Design District Associates, a real estate developer, in a $590 million international financing with a $490 million mortgage loan from lenders including major leading multi-national banks Deutsche Bank, Credit Agricole Commercial and Industrial Bank and Bank of China, and a $100 million mezzanine loan from a Blackstone affiliate. Shortly before maturity of the loans, both loans were restructured to accommodate the acquisition of the mezzanine loan by affiliates of the borrower and the addition of new lenders into the mortgage loan syndicate.

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...
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...
Representation of diversified automotive company in over $3.8 billion of various financing matters including the securitization of retail and lease installment contracts, and negotiation of working capital lines of credit and conduit lending facilities.