Development of Apartment Complex in Silver Spring, Maryland

Priderock Capital Partners, LLC

Representation of Priderock Capital Partners in obtaining a $30.6 million construction loan for the development of Heritage Silver Spring apartment complex in Silver Spring, Maryland. Our extensive experience in negotiating loan documents with this national lender assisted the client in obtaining certain advantages in the loan that might not have otherwise been available.

John C. Sumberg
Founder, Chairman
Representation of debtor in possession in the chapter 11 case of Cabi Downtown LLC, the owner of an 849-unit condominium project owing over $250 million to a bank consortium, defaulting unit purchasers, trade creditors, and its general contractor. The case was the first large condominium filing in S...
Representation of joint venture between Starwood Hotels & Resorts and The Related Group of Florida regarding zoning and land use for the redevelopment of the six-star St. Regis Bal Harbour. The $1.5 billion project, located across from the Shops at Bal Harbour, consists of 285 condo-hotel units ...
Representation of Consultatio, a development and financial firm owned by Argentine businessman Eduardo Constantini, in obtaining approval for the rezoning of a 5.5-acre oceanfront site in Bal Harbour to develop an 850,000-square-foot, 260-unit luxury high-rise condominium. We successfully negotiated...