Acquisition and Refinancing of Fractured Condominium Project in St. Petersburg

Pollack Partners
Representation of affiliate of Pollack Partners, an Atlanta REIT specializing in multifamily housing, in the acquisition of a St. Petersburg, Florida, fractured condominium from an affiliate of GE Capital. The acquisition consisted of 297 units in a 369-unit condominium and 213 rental units on non-condominium property. After closing, Natixis Real Estate Capital refinanced the purchase money financing.
Related Topics
Related Practices
Representation of developer of 45-story luxury oceanfront condominium in City of Sunny Isles Beach, Florida, against the neighboring Town of Golden Beach's appeal objecting to the development approval by the City of Sunny Isles Beach.

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 Mi...

Oversaw the servicing of over $6 billion worth of hotel loans involving sales and loan assumptions, restructurings, mergers, deeds-in-lieu of foreclosure, forbearances and other workouts, changes in franchises/ flags, operating/ master lease issues, private equity takeovers, changes in management, e...