$102.3 Million Construction Loan for New Jersey Condominium

Major Foreign Developer
Representation of a major foreign developer of a 184-unit condominium with 5,000 square feet of retail space in Weehawken, New Jersey. Bilzin Sumberg secured a $102.3 million construction loan for the client.
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John M. Kuhn

John M. Kuhn

Partner
Jay M. Sakalo

Jay M. Sakalo

Partner, Business Finance & Restructuring and Corporate Practice Group Leader
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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 Mi...

Experience
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.
Experience
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...
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