$41 Million Construction Loan for Chilean Hotel Brand's First United States Hotel

CorpBanca
Representation of the North American branch of CorpBanca, a Chilean multinational bank, in negotiating and structuring a $41 million construction loan to Atton Hotels, a Chilean hotel brand, to build a 275-room, 12-story hotel near Brickell Avenue. The deal was particularly complex as this was the first construction loan funded by CorpBanca in Florida, it was Atton's first project in the United States, all negotiations were done in Spanish, and all pertinent loan and title documents were documented in English.
Related Topics
Related Practices
RELATED PEOPLE
Karyl Argamasilla

Karyl Argamasilla

Of Counsel
Javier F. Aviñó

Javier F. Aviñó

Partner, Land Development & Government Relations Practice Group Leader
MORE EXPERIENCE
Experience
Representation of B piece and special servicer clients, handling in excess of $22 billion in new securitizations in 2013-14.
Experience
Representation of equity investor in its successful bid for the deployment of the Red Compartida wholesale broadband network, an approximately $7 billion public-private partnership with the Mexican Secretariat of Communications and Transportation.
Experience
Lead counsel to AnsaldoBreda, Inc., an Italian global transportation company, in securing a $300 million contract award by Miami-Dade County for the procurement of 136 heavy rail (Metrorail) vehicles. This is the largest procurement by Miami-Dade County Transit outside of the construction contracts ...
VIEW MORE EXPERIENCE