Construction Loan for the Cabana Beach Hotel and Resort

Mellon United National Bank
Representation of bank in construction loan to Cabana Beach Hotel and Resort, whose principals are famed singer Gloria Estefan and her husband, Emilio. We were able to close the loan in one week, per the parties' requests.
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Adam D. Lustig
Practice Group Leader, Real Estate
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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.
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