$590 Million Financing of Miami Design District Properties and Restructuring

Miami Design District Associates, LLC
Representation of Miami Design District Associates, a real estate developer, in a $590 million international financing with a $490 million mortgage loan from lenders including major leading multi-national banks Deutsche Bank, Credit Agricole Commercial and Industrial Bank and Bank of China, and a $100 million mezzanine loan from a Blackstone affiliate. Shortly before maturity of the loans, both loans were restructured to accommodate the acquisition of the mezzanine loan by affiliates of the borrower and the addition of new lenders into the mortgage loan syndicate.
Related Topics
Related Practices
RELATED PEOPLE
Alan D. Axelrod

Alan D. Axelrod

Partner
Stacia Wells

Stacia Wells

Partner
Craig P. Thompson

Craig P. Thompson

Practice Innovation Counsel
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
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...
VIEW MORE EXPERIENCE