$77 Million Loan on Las Vegas Shopping Center

CMBS Special Servicer
Representation of CMBS special servicer in enforcing rights and remedies in connection with a $77 million loan secured by a Las Vegas shopping center which has experienced an increased vacancy rate and plummeting shopping center value due to shifting consumer purchasing patterns.
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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 B piece and special servicer clients, handling in excess of $22 billion in new securitizations in 2013-14.
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