Billions of Dollars of REO Commercial Property Sales

Mortgage Backed Securities Servicers

Handled very high volume of REO (real estate owned) sales throughout the United States for two of the largest special servicers of commercial mortgage-backed securities (CMBS) loans with the total purchase price well into the billions and number of properties well into the thousands. For auction sales, representation included pre-auction review of title and preparation of contracts for auction site and the post-auction sales process and closings. For traditional sales, representation included contract preparation and negotiation, and the post-execution sales process and closings. The largest was approximately $216 million, which was the sale of a major hotel project in Louisiana. 

Representation of B piece and special servicer clients, handling in excess of $130billion in 2.0 CMBSsecuritizations.
Representation of an energy company in its $9.45 billion all-cash acquisition of another energy company, resulting in the creation of the largest utility holding company in the United States.
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...