Post-Securitization Mezzanine Loan

Representation of a CMBS servicer in evaluating, structuring, and consenting to a $50 million mezzanine loan to the owner of a CMBS borrower subordinate to a $230 million senior mortgage loan evidenced by four pari-passu companion loans secured by a convention center in Philadelphia, Pennsylvania and involving hotel franchise, joint operating agreements and operating lease issues.

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Audrey A. Ellis
Partner
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Experience
Representation of B piece and special servicer clients, handling in excess of $130billion in 2.0 CMBSsecuritizations.
Experience
Representation of an energy companyin its $9.45 billion all-cash acquisition of another energycompany, resulting in the creation of the largest utility holding company in the United States.
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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