Representative Transactions

Sep 12, 2008

OUTCOME: Negotiated, Documented, Closed!

Represented a joint venture purchaser in the concurrent acquisition and financing of a $163,000,000 pool of 25 facilities located in 12 states. Financing was provided by a group of participating first ... lien lenders and subordinated “mezzanine debt” financing providers. Successfully structured, negotiated and closed for the lender, a $16,000,000 permanent loan and standby “variable borrowing base” revolving credit facility secured by multiple parcels of real property and an assignment of ground lessor’s interests in ground leases. Structured fixed rate conversion and interest rate hedging features for the facilities. Handled leasing matters for a 1,250,000 square foot, 150 store regional shopping mall. Successfully and timely closed in one month, the disposition of 12 office properties located in Washington and Oregon through sale and lease transactions. Negotiated, documented, directed due diligence and timely closings for real estate acquisitions and related development matters in four states for “big box” retailers. Represented the lender and lead a team of attorneys, legal assistants and staff in the due diligence, documentation, negotiation and timely closing (in less than thirty days) of a $150,000,000 financing of a commercial real estate portfolio of 25 office, hotel and retail properties. Structured and prepared documentation for a 71 unit continuing care retirement community, including the entry fee agreement, residency agreement and master trust agreement. Represented the developer in connection with a $18,000,000 combined construction, interim revolving credit and term loan forward commitment for the retirement community facility. Negotiated, documented and timely closed a pre-bankruptcy workout of a $12,500,000 construction loan for CBD condominium project. Obtained a favorable result including shared appreciation interest. Negotiated and documented agreements for the public/private development of a 500,000 square foot urban entertainment and retail center adjacent to Moscone Center in downtown San Francisco, California.