Restructurings

  • Represented large commercial real estate developer in Louisiana in the re-structuring of its $170 Million construction facility, which was advanced for our client’s construction of a mixed-use project on 23 acres of land and containing approximately 317 rental apartments, 373,018 square feet of retail space, and 137,666 square feet of office space, parking and other improvements.
  • Represented Washington, D.C. area major development company in the restructuring of its shopping center portfolio.  Also advised client on potential loan work-outs on multiple loans with an aggregate debt amount of approximately $260 million.  The engagement included providing strategic counseling about various workout and restructuring scenarios relating to over $250 Million of project level and corporate debt.
  • Represented local institutional investor with the restructuring of a $36,000,000 commercial mortgage loan secured by two shopping centers in North Carolina.  On behalf of our client, we (i) negotiated a discounted payoff and settlement agreement; (ii) documented a short extension of the maturity date and a division of the single loan into two distinct loans, each secured by one shopping center; (iii) assisted with the disposition of one shopping center and the refinancing of the other; (iv) drafted organizational documents and certifications; (v) issued legal opinions; (vi) negotiated estoppel certificates and subordination agreements with tenants; and (vii) coordinated property level due diligence.