$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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Experience

Representation of a real estate developer in the formation of three qualified opportunity zone funds for investment in a real estate project. Provided advice regarding opportunity fund loans and real estate investments.

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...
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