Real Estate Lending, Finance, and Workouts

Construction Loans

• Represented an agent lead lender in a $300M syndicated construction loan for a senior citizen care community.
• Represented an agent lead lender in a $120M syndicated construction loan for a mixed use “town center” project.

• Represented an agent lead lender in a syndicated construction loan for a $75M high-rise mixed-use condominium and retail project.
• Represented a lead lender in a $115M credit facility for development of a downtown Chicago office building.
• Represented a private equity fund lender in $27M construction loan for development of a Portland, Oregon hotel project.
• Represented an agent lead lender in $65M construction loan facility for student housing.
• Represented an agent lead lender in $28M construction loan for Ridgefield, New Jersey project.
• Represented a national bank in $25M construction loan for acquisition and redevelopment of health care campus in Illinois.

Permanent Loans

• Represented a mortgage REIT in loans to owners of renewal energy projects nationwide.
• Represented a major life insurance company in the Midwest and Texas in term loans secured by multifamily apartment buildings, retail projects and hotels, with loan sizes from $5M to $20M.
• Represented a lender in $87M refinancing of 22 apartment buildings, containing 653 units, in San Francisco.
• Represented a lender in $24M loan to refinance the acquisition and redevelopment of an office building, and an office, retail, and garage property in Las Vegas.
• Represented pension funds in making two senior mortgage loans, each in excess of $25M for the refinancing of two Chicago office buildings.
• Represented a lender in $30M secured revolving credit warehouse line for the acquisition of a multi-family property.
• Represented a pension fund in $60M loan to refinance a New York City condominium project.
• Represented a national bank in $30M refinancing of a 504-unit apartment complex in Michigan.

Workouts

• Developed a detailed procedure for residential mortgage loan servicer to deal with previously closed and pending REO sale transactions and pending foreclosure proceedings in response to a Michigan appellate opinion that, in a case of first impression, invalidated non-judicial foreclosure proceedings conducted in the name of MERS. The matter required, among other activities, detailed conversations with title insurance underwriters and their state legal counsel.
• Represented a bank in the workout and restructuring of a $50 million dollar credit facility to multiple borrowers collateralized by interests in over 20 properties in several states. The matter also included the restructuring of a multimillion dollar warehouse line of credit.
• Represented a capital‐providing member of an LLC formed to purchase distressed commercial office building held by foreclosing bank as REO, and negotiated the operating agreement and related venture arrangements on that member’s behalf.
• Helped a mortgage lender avoid a significant loss on a multi-million dollar property that was subject to civil forfeiture to the federal government.
• Handled documentation, workout, restructuring, and enforcement of multiple real estate and corporate credit facilities, including letter of credit backed tax exempt and taxable debt offerings for a major retail bank.