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 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...
Representation of Lennar Corporation in the formation of Lennar Multifamily Venture (LMV), an equity fund/joint venture sponsored and managed by Lennar Multifamily Communities with global sovereign and institutional investors. The venture, with initial equity commitments of $1.1 billion, targets inv...