Lydia W. Wu

Of Counsel
Fax 310-201-1783
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Real Estate Financing

Lydia Wu advised borrowers and lenders on various forms of financing, including syndicated and non-syndicated commercial loan transactions, secured and unsecured revolving credit facilities, mezzanine loans, CMBS loans, construction loans, bridge loans, sale-leaseback transactions, asset-backed loans, and loan sale programs.  She also counseled clients on loan workouts, restructuring of distressed real estate assets, and foreclosure matters.  Her representative projects include the following:

Office Buildings

  • Represented a life insurance company in connection with the refinance of One Cal Plaza located in downtown Los Angeles, which included extensive review of leases for major tenants and negotiation of Subordination, Non-Disturbance and Attornment Agreements.
  • Counseled a life insurance company in connection with the acquisition financing of three of the four condominium units of a 38-story office building in San Francisco; the three units (each with approximately 10 floors) were owned by different entities affiliated with the borrower; the lender obtained a mortgage covering the borrower's interest in the real property, security interests in borrower's ownership interests in the affiliated entities, and security interests in the membership interests in the general partners of the tenant under a master lease.
  • Represented Citicorp USA in connection with the $17.5 million acquisition financing of an office complex in Diamond Bar, CA.
  • Served as counsel to a life insurance company in the acquisition financing and refinancing of two office buildings in Washington, D.C. and one mixed-use project in Seattle, WA.
  • Represented a regional bank in connection with a multi million acquisition loan for an office building located in Los Angeles which included a reverse-exchange component.
  • Represented several special servicers in connection with the loan modification, workout and/or foreclosure of several office buildings in CA, NV and AZ.

Shopping Centers, Mixed Use, Retail, Timeshares 

  • Represented a pension plan adviser in the loan spreader and modification of a $51 million loan securing a major shopping center in Palmdale, CA; the transaction involved the negotiation of a subordination agreement with the City for its subordinate loan and the negotiation of an SNDA with Macys.
  • Represented a life insurance company in connection with the refinancing of a loan made to one of the largest shopping center owners in the country; the transaction involved review and negotiation of several REA, lease, ground lease and parking related documents (including SNDAs and estoppel certificates) with anchor tenants such as Nordstrom, Macys, JC Penney and Forever 21.
  • Prepared and negotiated legal opinions for several rounds of securitization transactions involving the sale of timeshare loans originated by leading brands in the hospitality industry including Wyndham, Starwood, and Marriott.
  • Represented lender in the $22 million construction loan to finance the construction of two timeshare projects in Branson, MO and Escondido, CA.
  • Represented a subsidiary of Trammell Crow Company, as borrower, in connection with a loan transaction with Wachovia Bank securing a shopping center, which included a defeasance component.
  • Counseled a restaurant and restaurant management company based in Newton, PA, as borrower, in connection with the refinance of a $75 million revolving credit facility (and letters of credit) involving 57 restaurants.
  • Represented Toyota Financial Services in connection with the origination and modification of several construction loans and other loans made to authorized Toyota and Lexus dealerships and service facilities.
  • Advised a Korean bank in connection with the finaceability of a ground lease covering a recreational project in Los Angeles.

Power Projects

  • Served as borrower’s counsel to a subsidiary of a power generation company in the project finance of a 68.04 MW ac photovoltaic solar project in the Antelope Valley, CA; the transaction involved extensive negotiations related to mechanic’s liens.
  • Represented a borrower in the project finance of a 5 MW ac solar power generating facility in San Diego, CA; the project involved significant work related to land use issues and compliance with the Subdivision Map Act.

Apartments

  • Represented a life insurance company in connection with a loan secured by 16 large apartment projects in Southern California, a transaction which involved multiple layers of title insurance, and the negotiation of a comprehensive intercreditor agreement with the mezzanine lender.
  • Provided representation to a life insurance company in connection with a loan secured by a luxury apartment complex comprised of four buildings and parking structures located in Orange/Anaheim, CA.