$80 Million Loan Modification for Hotel in Compliance with Islamic Law

Special servicer of a loan
Representation of special servicer of loan secured by leasehold interest in a Times Square hotel, in connection with the sale of the hotel operations to a Sharia-compliant investment group and the related assumption of and necessary modifications to the existing loan structure to comply with Islamic law.
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Susan J. Pontigas
Of Counsel
Suzanne M. Amaducci-Adams
Partner, Head of Real Estate
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