Refinancing of Kissimmee Hotel
Representation of Cambridge Landmark in the refinancing of a leasehold loan for the Grand Orlando Resort at Celebration through the Federal Reserve's Mainstreet Lending Program, a program that was funded by the CARES Act and rolled out to address the COVID-19 pandemic in an effort to assist businesses. The hotel is situated on 20 lushly landscaped acres in close proximity to Orlando theme parks.
Representation of B piece and special servicer clients, handling in excess of $130billion in 2.0 CMBSsecuritizations.
Handled billions of dollars in distressed debt related to modifications, extensions, forbearances, discounted payoffs, and deeds in lieu of foreclosure.
Debtors' counsel to Fontainebleau Las Vegas Holdings, LLC, and two of its affiliates in their chapter 11 cases in the Southern District of Florida. The debtors had over $2 billion of funded debt, had used $500 million of equity, and were prosecuting claims for $800 million in unpaid additional finan...