Mortgage Warehouse Purchase Facility Renewal and Increase

Loan Originator
Representation of homebuilder captive mortgage company in connection with multiple mortgage warehouse purchase facilities aggregating in excess of $100 million. These transactions provided interim financing on a revolving basis to the client to fund billions of dollars of annual mortgage loan originations to carry these mortgage loans until ultimately sold to end purchasers. Lenders such as JPMorgan Chase structure these warehouse facilities as purchase and sale (repo) facilities rather than lines of credit to avail themselves of favorable U.S. bankruptcy law.
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Stacia Wells

Stacia Wells

Partner
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Experience
Successful representation of California bank in complex mortgage foreclosure debt recovery action through state court and bankruptcy court in the Southern District of Florida, which resulted in the criminal indictment of the borrower´s principal for bank fraud.
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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