Represented Soho House Ltd. in the acquisition of the equity interests in the ownership of the Sovereign Hotel in Miami Beach, modification of the existing construction loan, subdivision of the property, and the receipt of an additional $18 million loan from the Bank of Scotland. The deal closed mid-construction of the 15-story addition and extensive renovations to the project complicating the transaction with construction lien, title and financing issues. Subsequently represented the owner in a refinance with a CMBS lender for $55 million in permanent financing.
Representation of B piece and special servicer clients, handling in excess of $130billion in 2.0 CMBSsecuritizations.
Representation of an energy company in its $9.45 billion all-cash acquisition of another energy company, resulting in the creation of the largest utility holding company in the United States.
Handled the sale of over 2,000 REOs, with aggregate purchase prices in the billions of dollars, through both the negotiation and closing of individual sales and the structuring and sale by auction of multiple properties. The largest was approximately $216 million, which was the sale of a major hotel...