Corporate and Transactional
The firm has one of the leading workout and bankruptcy practices in the nation, and real estate and bankruptcy lawyers in the firm often collaborate on the restructuring of real estate projects. As with many of the other practice areas of the firm, this practice draws heavily upon the areas of financing experience. At times, the firm represents financial and other institutions seeking to protect their loans or other interests in failing enterprises, and at other times the firm’s involvement is by court appointment as trustee or other role to supervise the failing enterprises themselves. Having experience on both sides of these transactions makes the firm effective in accomplishing business objectives and closing transactions in what is often a difficult negotiating environment.
We represent both borrowers and lenders in complex mortgage financing transactions. Representative transactions include:
- Handling numerous loans of all types—participating, syndicated, mezzanine and securitized—on behalf of borrower clients, both taxable and exempt, with lenders of every variety.
- Representing a consortium of two life insurance companies and a pension fund on a $300 million mortgage loan on The Prudential Center in Boston, Massachusetts.
- Representing the sponsor of credit tenant lease sale-leaseback transactions secured by multi-state mortgage facilities in hundreds of locations throughout the United States.
- Developing for a mortgage REIT a mezzanine finance fund for an offshore client to invest in multi-family projects in conjunction with first-mortgage loans.
- Representing an endowment on a $400 million credit facility secured by mortgages on multi-state properties, and on a $25 million first mortgage facility on operating properties extended by a commercial bank.