Advised Rialto Capital and Lennar Corporation in connection with the formation of two funds: (1) Rialto Real Estate Fund, LP, a $700 million closed-end real estate investment fund focused on distressed real estate investments, and (2) Rialto Real Estate Fund II, LP, a $1 billion real estate investment fund. In addition, we assisted with the tax structuring and securities law compliance issues related to the private placement of interests in the funds to prospective investors.
Handled billions of dollars in distressed debt related to modifications, extensions, forbearances, discounted payoffs, and deeds in lieu of foreclosure.
Representation of B piece and special servicer clients, handling in excess of $22 billion in new securitizations in 2013-14.
Representation of a debt fund and property fund in connection with separate private placement fund offerings of limited partnership interests. Upon completion of the offerings, the funds expect to raise a combined amount of up to $4.0 billion.