$73.4 Million Construction Financing for Opportunity Zone Project

PTM Partners and Estate Investments Group

Representation of a joint venture between PTM Partners and Estate Investments Group in connection with a $55.4 million mortgage loan from Bank OZK and an $18 million mezzanine loan from Nationwide Life Insurance Company in order to finance the construction of 360 new, attainably priced, first-class apartment units in the Overtown Opportunity Zone in Miami, Florida.

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John C. Sumberg
Founder, Chairman
Jon Chassen
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Experience
Oversaw the servicing of over $6 billion worth of hotel loans involving sales and loan assumptions, restructurings, mergers, deeds-in-lieu of foreclosure, forbearances and other workouts, changes in franchises/ flags, operating/ master lease issues, private equity takeovers, changes in management, e...
Experience
Served as borrower's counsel in a $2.7 billion multi-tiered syndicated secured and mezzanine acquisition loan transaction involving a financial services company.
Experience
Representation of special servicers in connection with borrower requests for lender consent to various matters involving billions of dollars of performing CMBS loans including loan assumptions, equity transfers, loan modifications, forward and reverse 1031 exchanges, post-securitization mezzanine lo...
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