Development of Heritage Silver Spring Apartment Complex in Silver Spring, Maryland

Priderock Capital Partners, LLC
Representation of Priderock Capital Partners in obtaining a $30.6 million construction loan for the development of Heritage Silver Spring apartment complex in Silver Spring, Maryland. Our extensive experience in negotiating loan documents with this national lender assisted the client in obtaining certain advantages in the loan that might not have otherwise been available.
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John C. Sumberg

John C. Sumberg

Chairman
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Experience
Representation of debtor in possession in the chapter 11 case of Cabi Downtown LLC, the owner of an 849-unit condominium project owing over $250 million to a bank consortium, defaulting unit purchasers, trade creditors, and its general contractor. The case was the first large condominium filing in S...
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...
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