Real Estate Financing

Borrower Representation

• Ongoing representation of Majestic Realty Co. and its affiliates in the financing of its projects throughout the United States.
• Represented the real estate investment division of a national life insurance company in obtaining $52 million of financing secured by a five building office complex in Southern California.
• Represented the owner of a shopping center in Las Vegas, Nevada, in obtaining a $29.5 million secured loan and approximately $5 million in additional equity financing.
• Represented a hotel portfolio owner in a series of loans with its bank totaling over $30 million.
• Negotiated joint venture documentation with a global real estate investment firm for the funding of $120 million in land acquisition and development costs for our client’s high-end residential golf course communities, and closed the venture’s initial $60 million acquisition loan, $30 million construction loan, and subsequent $15 million line of credit.
• Represented a developer in the syndication and financing of two residential projects totaling 442 units, which involved one tier of senior conduit debt, and two tiers of private equity debt, allowing the client to leverage approximately 90 percent of the acquisition price.

Lender/Investor Representation

• Represented a bank in the recent negotiation and closing of a construction loan for the development of a mixed-use project in Los Angeles, California.
• Represented a community bank in the finance of a ground lease interest in a retail project, which included assessing and advising the client on potential contamination issues associated with the development.
• Represented a bank in the finance of a television and film facility, which also involved negotiating customized mixed collateral terms to secure interests in the valuable production equipment included in the deal.
• Negotiated our client’s equity investment in the development of a skilled-care nursing home facility in the Inland Empire of Southern California, which concurrently facilitated the release of approximately $27 million in bond financing.
• Represented a bank in the finance of a property being acquired as the first phase of a reverse 1031 exchange transaction.
• Represented a hotel investment fund in the closing of a mezzanine loan for a property in Northern California.

Restructuring & Loan Workouts

• Represented an international bank in the restructuring of a $140 million loan, which included repayment and partial release of collateral to facilitate the borrower’s refinancing of a portion of the subject property, the inclusion of replacement collateral, and the restructuring of interests held by other banks that participated in the loan.
• Represented a shopping center owner in the purchase from the owner’s lender of its $26 million loan for $15.6 million, which included the negotiation of replacement financing for nearly the entire purchase price.
• Represented a real estate investment company in the restructuring of a $72 million portfolio loan into separate notes and the inclusion of an additional $3 million of credit for construction and leasing activities to enhance the value of the various assets.
• Represented the owner of an approximately 90,000 square foot Oklahoma retail center in a nearly 50% discounted payoff of its existing loan and associated refinancing of the remaining debt.