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Our attorneys represent lenders and borrowers in all aspects of capital markets and traditional real estate finance, including:
- Mortgage financings
- Origination and securitization of commercial mortgage loans
- Collateralized debt obligations (CDO's)
- Mezzanine financings
- Construction and permanent financings
- Portfolio loan acquisitions
- Subordinated debt financings
- Syndicated loans and participations
- Sale leaseback financings
- Preferred equity investments
- Repurchase facilities (REPO's) to provide financing for institutional lenders
Complemented by the firm's attorneys in related fields such as bankruptcy, litigation, tax and corporate finance, our real estate attorneys have considerable experience in loan workouts and restructurings.
Representative transactions include advising:
- Dupont Fabros Technology, Inc., a leading owner, developer and operator of wholesale data centers, in its $736 million public offering in October 2007, one of the largest REIT IPOs ever and the single largest U.S. IPO by a REIT in 2007.
- A public mortgage REIT and its affiliates in their capacities as sponsor, advancing agent and collateral manager in three collateralized direct obligation (CDO) transactions involving the issuance of floating-rate, investment-grade-rated notes and preferred equity. The transactions ranged in size from $450 million to $600 million.
- Arbor Realty Trust, a real estate lender, in the closing of a $740-million credit facility from an institutional lender.
- Hypo Real Estate Capital Corporation in its origination of a series of highly structured, floating-rate loans—in excess of $275 million—to a regional developer, relating to the acquisition, development and conversion of various multi-family complexes to condominiums throughout southern Florida.
- A number of leading institutional lenders in the origination of over $1 billion in highly structured, floating-rate financings.
- A public mortgage REIT in the formation of a private placement of preferred stock in a private subsidiary REIT.
- Metropolitan Life Insurance Company in connection with a $300 million highly structured, fixed-rate financing to a Maryland REIT and its affiliates, secured by security interests in 19 office/warehouse sites in seven states.
- Deutsche Bank with the origination of over $165 million in complex acquisition and predevelopment financing relating to the planned development of an open-air lifestyle shopping complex and a large-scale condominium development, both in Las Vegas.
- Equastone, a leading private equity real estate firm, in connection with over $700 million of debt and equity financings relating to the acquisition of more than 39 office buildings encompassing more than 6 million square feet, including a $382-million mortgage and mezzanine financing regarding its acquisition of 13 office buildings in Dallas, Texas.
- Dupont Fabros Development LLC and its affiliates in connection with numerous construction and term financings and refinancings totaling in excess of $1 billion for office, flex office, data center, hotel and retail projects throughout the United States, including mortgage, mezzanine and highly structured loans.
- American Property Hospitality Management in connection with various hotel financings.
Related Practices