Restructuring and Pay Off of Hotel Loans with Over $1.4 Billion Aggregate Value
Representation of special servicer in the restructuring and ultimate pay off of several high- profile hotel loans including the $729.9 million loan secured by the Ritz-Carlton and JW Marriott Grande Lakes hotels in Orlando, Florida and the JW Marriott in Phoenix, Arizona; the $385 million loan secured by the Four Seasons Hualalai in Hawaii, one of the world's top hotels; and a development loan in excess of $300 million for a mixed-use hotel project in Las Vegas.
Representation of B piece and special servicer clients, handling in excess of $130billion in 2.0 CMBSsecuritizations.
Handled billions of dollars in distressed debt related to modifications, extensions, forbearances, discounted payoffs, and deeds in lieu of foreclosure.
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...