$45 Million Preferred Equity Investment and Financing for California Property

Rialto Capital Management

Representation of Rialto Capital Management, a private real estate investment management company, in its investment in a premium office and retail property in Venice, California. The investment was comprised of both a $15 million preferred equity investment in the sponsor entity and a $30 million senior loan to the property owner for the acquisition of the property.

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Jay M. Sakalo

Jay M. Sakalo

Partner, Business Finance & Restructuring and Corporate Practice Group Leader
L. Kent Koch

L. Kent Koch

Partner
Joshua Kaplan

Joshua Kaplan

Partner
Andrej Micovic

Andrej Micovic

Associate
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Experience
Representation of B piece and special servicer clients, handling in excess of $22 billion in new securitizations in 2013-14.
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
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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