Loan Restructuring and Assumption for $24 Million California Hotel

LNR Partners, LLC

Representation of LNR Partners on a complex loan assumption for a $24 million hotel in Carmel, California. Handled major restructuring of the loan to accommodate a REIT structure and addressed operating lease and management issues as part of the transaction.

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Audrey A. Ellis
Partner
Lindsey Z. Parker
Co-Head, CMBS and Real Estate Capital Markets
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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 company in its $9.45 billion all-cash acquisition of another energy company, 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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