$250 Million, 38-Acre Mixed-Use Ground Lease Project in Charleston, South Carolina

Real Estate Developer
Representation of prominent developer in creation and acquisition of 99-year ground lease for 38 acres in Charleston, South Carolina, to develop a $250 million mixed-use project, including a Hilton hotel, a 450-slip marina, a retail center, vacation resort condominiums, and cottages. At inception, the ground lease was not financeable. However, we made the project feasible by restructuring the ground lease to permit different equity investors and lenders for each separate use in the project.
Related Topics
Related Practices
RELATED PEOPLE
John C. Sumberg

John C. Sumberg

Chairman
John M. Kuhn

John M. Kuhn

Partner
MORE EXPERIENCE
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 diversified automotive company in over $3.8 billion of various financing matters including the securitization of retail and lease installment contracts, and negotiation of working capital lines of credit and conduit lending facilities.
Experience
Oversaw the servicing of over $6 billion worth of hotel loans involving sales and loan assumptions, restructurings, mergers, deeds-in-lieu of foreclosure, forbearances and other workouts, changes in franchises/ flags, operating/ master lease issues, private equity takeovers, changes in management, e...
VIEW MORE EXPERIENCE