Bilzin Sumberg Attorneys Close $29 Million Construction Loan

Press Release
September 12, 2007

Dealmakers: Carey A. Stiss, Partner in the Real Estate Group at Bilzin Sumberg and Mary Margaret Langton, an Associate in the Real Estate Group

Transaction: Representation of the lender in a construction loan for the development and construction of two office buildings in Ft. Myers, Florida

Borrower: Forum Office Park I, LLC Lender: Merrill Lynch Capital, a division of Merrill Lynch Business Financial Services Inc.

Loan Amount: $29 million

Closing Date: September 12, 2007

Bilzin Sumberg attorneys Carey A. Stiss and Mary Margaret Langton represented Merrill Lynch Capital in the negotiation and structuring of a $29 million construction loan. The loan will fund the site development and construction of two office buildings, totaling 140,077 square feet of space, located in the Forum Office Park in Ft. Myers, Florida.

Mark Hausman, located in Merrill Lynch Capital's Atlanta office, is the loan officer who closed this transaction for Merrill Lynch Capital. Merrill Lynch Capital (a division of Merrill Lynch Business Financial Services Inc.) is a leading commercial finance business providing a broad range of structured financing solutions to middle market companies nationwide. The borrower, Forum Office Park I, LLC, is an affiliate of Atlanta-based Songy Partners, a commercial real estate firm that acquires, renovates and develops institutional quality real estate projects throughout the United States, with particular emphasis in the office and hotel sectors. The mortgage broker for this deal is Charles Foschini of CBRE/Melody, the mortgage banking arm of CB Richard Ellis.

Bilzin Sumberg's Real Estate Group routinely provides legal counsel locally and nationally across a broad range of complex commercial real estate practice areas, including development and construction, purchase and sale, financing and restructuring, condominiums and condo/hotels, leasing, and technology.

Mr. Stiss has extensive experience in all aspects of commercial real estate law, including acquisitions, sales, leasing, financing, development, title and workouts. His clients include major developers and owners of office buildings, industrial warehouses and hotels, as well as lenders (including national banks and other financial institutions).

Ms. Langton's practice spans a broad range of real estate matters, including acquisitions, sales, leasing, joint ventures and financings for all types of property. Mary is also a member of the firm's Technology & Telecommunications Group.

About Bilzin Sumberg 
Bilzin Sumberg is a commercial law firm based in Florida. The Firm’s core practices include Business Finance & Restructuring, Corporate, Environmental, International, Land Development & Government Relations, Litigation, Real Estate, and Tax. For more information, please visit

Speaking Engagement October 4, 2023
Joy Spillis Lundeen presents the Florida Construction State of the Market at Bilzin Sumberg's Florida Condo Redevelopment Unleashed.
Client Alert June 20, 2023
On June 12, 2023, Florida Governor Ron DeSantis signed into law House Bill 331, which significantly modifies Florida’s Construction Lien Law (Chapter 713, Florida Statutes). The amendments, which take effect on October 1, 2023, have important implications for owners and contractors related to ...
Client Alert June 15, 2023
On May 31, 2023, the Third District Court of Appeals (DCA) published its opinion in Am. Auto. Ins. v. FDH Infrastructure Servs., LLC, thereby establishing that all construction-based actions against design professionals are subject to the four-year, as opposed to two-year, statute of limitations. Th...