Financing of Multifamily Project in Miami Health District

Real Estate Developer

Representation of a real estate developer in connection with senior and mezzanine construction loans totaling approximately $45 million for development of a 240-unit, 8-story, multifamily project in the burgeoning Health District in Miami, Florida.

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Jay M. Sakalo

Jay M. Sakalo

Partner, Business Finance & Restructuring and Corporate Practice Group Leader
Jon Chassen

Jon Chassen

Senior Counsel
Forrest Murphy

Forrest Murphy

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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