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.
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...