$22 Million Distressed Hotel Acquisition by Private Equity Fund
Ridge Hill Holdings
Representation of Ridge Hill Holdings, a wholly-owned subsidiary of Blue Ridge Capital, in the acquisition of the defaulted loan on the Cavalier Hotel and the prosecution of a foreclosure action. The hotel owner filed for bankruptcy protection and we successfully obtained relief from the automatic stay, allowing Ridge Hill to acquire the hotel at a foreclosure sale.
Representation of B piece and special servicer clients, handling in excess of $130billion in 2.0 CMBSsecuritizations.
Handled billions of dollars in distressed debt related to modifications, extensions, forbearances, discounted payoffs, and deeds in lieu of foreclosure.
Representation of LNR Partners, the largest special servicer of commercial mortgage-backed securities (CMBS) loans in the country. LNR services 145 pools of CMBS loans, totaling more than $220 billion in principal and relating to real property interests in all fifty states. We have handled over $4.2...