Skip to main content

$580 Million Loan Assumption

National Real Estate Investment Company

Representation of special servicer in connection with its consent to the borrower's sale of the property securing and the assumption of a $580 million loan evidenced by 6 pari-passu notes . The $1.2B purchase price for the property was funded by the $580 million loan assumption and cash provided by a one of the largest pension funds in the country. 

RELATED PEOPLE
Brian L. Bilzin

Brian L. Bilzin

Founding Partner
Audrey A. Ellis

Audrey A. Ellis

Partner
Marla I. Berman

Marla I. Berman

Of Counsel
MORE EXPERIENCE
Experience
Representation of B piece and special servicer clients, handling in excess of $130billion in 2.0 CMBSsecuritizations.
Experience
Representation of Oleta Partners, LLC, a joint venture comprised of affiliates of the LeFrak Organization and Turnberry Associates, in the successful negotiation of the long-term ground lease and complicated leasehold financing for a 185-acre brownfields redevelopment site in the City of North Miami...
Experience
Representation of an energy companyin its $9.45 billion all-cash acquisition of another energycompany, resulting in the creation of the largest utility holding company in the United States.
VIEW MORE EXPERIENCE