$520 Million C-Pace and Mortgage Financing for Luxury Condominium

Two Roads Development
Representation of a Florida real estate developer in the negotiation of $520 million in construction financing for a branded luxury condominium in Tampa, Florida known as The Pendry. The complex financing consisted of a specialized $290 million C-Pace loan and a $230 million senior mortgage loan facility, with the C-Pace financing comprising the largest such financing to have closed in Florida at the time.
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David S. Resnick
Partner, Co-Head of Joint Venture Practice
Hannah Lidicker
Associate
Lauren O. Cankaya
Associate
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Experience
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...
Experience
Analyzed cleanup strategies in order to resolve soil and contamination issues on homebuilder client’s property in Broward County, Florida. Negotiation with the Broward County Environmental Protection Division to obtain a restrictive covenant to allow for residential development on the property.
Experience
Representation of real estate investment company in connection with the environmental investigation and remediation plan for a five acre residential community and golf course. Successfully determined scope of assessment and provided recommendations for final remediation plan while representing clien...
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