$270 Million Loan Assumption
Special Servicer
Representation of special servicer in connection with its consent to the borrower's sale of the property securing and the assumption of a $270 million loan. The $453 million purchase price for the property securing the loan was funded by a combination of the $270 million loan assumption, a $135 million preferred equity investment, and cash.
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Representation of B piece and special servicer clients, handling in excess of $130billion in 2.0 CMBSsecuritizations.
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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...