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Overview

Cox Castle represents a broad array of lenders, borrowers, investors and more in structuring, negotiating and documenting complex debt and equity financings. We put in significant time and effort to understand our clients’ operations, objectives and pain points, and work hard to develop creative, efficient and practical solutions from both a business and legal perspective, leveraging our deep knowledge of capital market developments, changing regulations, and more. Our attorneys regularly advise a variety of entities, both public and private, in a range of real estate and real estate-related finance, along with related issues such as governance, entity and deal structuring, regulatory mandates and more.

Cox Castle frequently represents both lenders and borrowers in the origination of loans of all types in commercial real estate projects, including acquisition, construction and mezzanine loans, and the exercise of related remedies. We routinely analyze, structure, negotiate, and document a vast range of joint venture, corporate and other investment structures utilized in commercial real estate projects, including limited liability companies, limited partnership, general partnerships, commingled investment funds, holding corporations and REITs. We also provide guidance in the event of disputes arising from these kinds of arrangements.

Our vast knowledge of, and expertise in, finance and corporate matters positions us well to help our clients achieve their business objectives.

Experience

  • Represented a public pension fund in connection with the negotiation of complex easement agreements with municipalities and utilities in connection with the development of several mixed-use retail/industrial projects in Riverside County, California.

  • Represented an institutional lender in connection with a $13 million mezzanine loan secured by a membership interest in the mortgage borrower related to property located in San Francisco, California.

  • Represented an institutional lender in connection with a $35 million term loan secured by property located in Burbank, California.

  • Represented an owner and founder of company against investor claims of breach of fiduciary duties and breach of contractor arising out of failure to repay conditional loan.

  • Represented an institutional investor in the acquisition of a membership interest in a $30 million retail property in Southern California, together with the negotiation of related property management, development and leasing agreements and coordination of due diligence, including title, survey, development documents, existing financing, environmental, and land use matters.

  • Represented a seniors housing operator in the acquisition of $41 million four-property portfolio which included independent living, assisted living and skilled nursing facilities located in Iowa.

  • Represented an institutional investor in its $50 million investment and $25 million co-investment in a commingled fund investing in opportunistic real estate assets in Brazil.

  • Persuaded the Federal District Court to permanently enjoin a lender's presentation of an over $2 million irrevocable letter of credit provided by our investor client as additional security for the construction loan on an office building project which failed. Both the Ninth Circuit Court of Appeals and the United States Supreme Court declined to stay the injunction despite the lender's attempts to have it stayed.

  • Tried to a defense verdict a case alleging lending discrimination filed by a Korean-owned company against a major California bank.

  • Represented a borrower working with a national loan servicer in the assumption of a $12 million securitized loan assumed in connection with the acquisition of a two building Bay Area commercial property.

  • Represented three co-borrowers in acquisition financing of a Bay Area multi-building office complex valued at over $150 million. Financing included a mezzanine loan and a mortgage loan secured by the borrowers' fee and leasehold interests in the property.

  • Served as real estate counsel to a commercial real estate investment fund in connection with a $250 million recapitalization involving new equity and a revolving line of credit. Advised on a wide range of real estate and finance matters including an analysis of approximately 20 existing loans secured by properties in three states.

  • Represented borrowers in a $90 million loan portfolio secured by six commercial and industrial properties located in California, Washington, and Colorado.

  • Represented a regional bank in the origination of a $10 million construction loan for a hotel property in Nevada.

  • Represented a borrower in a deed-in-lieu transaction for a commercial property outside of Seattle, Washington.

  • Represented a borrower in the workout and modification of a $30 million securitized loan involving new equity from a joint venture partner.

  • Represented landlords in opposing assumption and assignment of their leases, pursuing their administrative claims, and in obtaining rejection of their leases and possession of the lease space.

  • Represented numerous secured creditors in negotiating debtor's use of cash collateral, adequate protection, and sometimes obtaining relief from the stay.

  • Represented numerous secured creditors in negotiating treatment of their claim in a confirmed plan of reorganization.

  • Represented numerous secured creditors in obtaining relief from the automatic stay to foreclose or in having the case dismissed.

  • Represented numerous undersecured creditors with a lien encumbering all of the debtor's assets with respect to the sale of all the debtor's assets and payment of the proceeds thereof, less negotiated carve outs for both administrative and unsecured claims, to the secured creditor.

  • Represented the successful purchaser of an office building, through an auction, in a Chapter 11 bankruptcy case pending in Los Angeles.

  • Represented numerous secured creditors in negotiating debtor's use of cash collateral, obtaining relief from the automatic stay and foreclosing on personal property collateral.

  • Represented numerous secured creditors in obtaining relief from the automatic stay to foreclose in a single asset real estate cases.

  • Represented retail landlords in negotiating the favorable terms in the bankruptcy assumption and assignment of their leases.

  • Represented a secured creditor in negotiating a settlement with debtor pursuant to which the secured the secured creditor received relief from stay to foreclose on some of its collateral and some of its collateral was sold with proceeds being paid to the secured creditor.

  • Represented a secured creditor in negotiating the debtor's use of cash collateral and sale of all of the debtor's assets under Bankruptcy Code Section 363, of all the debtor's assets.

  • Represented a secured creditor in negotiating treatment of its fully secured claim in a confirmed plan of reorganization.

  • Represented a secured creditor in negotiating with the debtor for a sale of all the debtor's personal property assets and payment of the proceeds thereof, less negotiated carve outs, to the secured creditor.

  • Represented a secured creditor in obtaining dismissal of a single asset real estate case based on the new debtor syndrome.

  • Represented a secured creditor in obtaining full payment of its claim through a negotiated plan of reorganization.

  • Represented a secured creditor in obtaining relief from the automatic stay in a bankruptcy case in which the debtor held a second deed of trust encumbering property, which was not owned by the debtor, on which the secured creditor had a first deed of trust.

  • Represented secured creditors in evidentiary hearings in contested plan confirmation hearings, avoidance actions and relief from the automatic stay proceedings.

  • Represented a financial institution in connection with the Chapter 11 bankruptcy case of a carpet installer for Home Depot.

  • Represented a financial institution in connection with the Chapter 11 bankruptcy case of a manufacturer of after-market automotive accessories.

  • Represented a financial institution in connection with the Chapter 11 bankruptcy case of a manufacturer of hair products.

  • Represented a financial institution in connection with the Chapter 11 bankruptcy case of a nursery.

  • Represented a financial institution in connection with the Chapter 11 bankruptcy case of a patio furniture distributor.

  • Represented a secured creditor in connection with the Chapter 11 of a single asset entity which owned an office building.

  • Represented a lender in connection with the origination, restructure and workout of several agricultural loans secured by row crops (cotton, strawberries, lettuce), permanent crops (almonds and citrus), rose bushes, and real property.

  • Represented borrowers in the negotiation of recourse carve out guaranties and the issuance of non-substantive consolidation opinions.

  • Represented both institutional lenders as well as private lenders in negotiating and documenting loans secured by a pledge of one or more promissory notes, which were in turn secured by real property.

  • Represented institutional investors in the negotiation and documentation of real estate construction loans (both syndicated and non-syndicated).

  • Represented institutional investors in the negotiation and documentation of trade finance lines, revolving lines, and combinations thereof, secured by accounts receivable, inventory, equipment, and general intangibles.

  • Represented institutional lenders in the workout/restructuring of dairy loans.

  • Represented institutional lenders with respect to the foreclosure of both real and/or personal property security for loans that are in default.

  • Represented numerous financial institutions in the sale of individual notes secured by both real and/or principal property.

  • Represented numerous individual and non-public investors in the purchase of notes secured by real property.

  • Represented a borrower in the discounting of a junior mezzanine loan, the defense of the borrower against a loan-to-own strategy pursued by a B Note acquirer, negotiation of a recapitalization, and the refinancing of the entire debt stack, all in securitized loan contexts, for a Los Angeles office building valued in excess of $100 million.

  • Represented a buyer in its acquisition of a senior mezzanine loan and a junior mezzanine loan for a Silicon Valley office building in a seller-financed transaction, coupled with negotiation of the intercreditor agreement in a securitized loan transaction, involving debt and equity in excess of $100 million.

  • Represented a borrower in the acquisition of two tranches of syndicated mezzanine loans in a securitized loan transaction, followed by a refinancing, in a deleveraging transaction involving a New York office building valued in excess of $300 million.

  • Represented a mezzanine loan bridge lender in the origination of a mezzanine loan to facilitate the recapitalization and lease-up of a San Francisco office property, and negotiated an intercreditor agreement with existing mortgage lender, for a project valued in excess of $35 million.

  • Represented a borrower in the workout of a California shopping center securitized loan, involving split of the debt into A and B Notes, with a discounted payoff option on the B Note based on lender participation in cash flow and sale proceeds/property value.

  • Represented a borrower in defending against the restructure proposals of a B Note buyer pursuing a loan-to-own strategy in a securitized loan transaction.

  • Represented a buyer in its acquisition of a B Note, who then acquired an out-of-the-money but controlling C Note, followed by a workout of a securitized loan transaction with the existing borrower, involving issuance of an option for a discounted payoff based on a profit sharing formula, for a Los Angeles multi-family complex valued in excess of $100 million.

  • Represented a buyer in its acquisition of a B Note secured by a portfolio of Silicon Valley office buildings and negotiated the co-lender agreement. Also represented the buyer in a deed-in-lieu of foreclosure transaction in which the B Note holder retained a purchase option to buy the REO and thereafter purchased the REO with a joint venture partner, involving debt and equity in excess of $100 million.

  • Represented a buyer in its acquisition of a B Note post-foreclosure following a Control Appraisal Event and loss of its option to buy the A Note at par (due to a post-bankruptcy foreclosure), in a securitized loan transaction. Such position was then converted into ownership of a large San Francisco portfolio of apartments valued at more than $100 million.

  • Represented a buyer in its acquisition of a B Note, who then converted its position into a controlling joint-venture interest with the existing borrower, cancelled the B Note and assumed a modified A Note in the de-leveraging of a securitized loan transaction, for a Colorado office building.

  • Represented a buyer in its acquisition of a performing B Note portfolio secured by multi-family assets in Southern California, involving securitized loan transactions.

  • Represented a borrower in a note-split transaction involving the creation of senior and junior mezzanine loans, sale of the senior mezzanine loan, and modification of the senior mortgage loan, including splitting the senior mortgage note into four component parts, involving a Silicon Valley office building valued in excess of $100 million.

  • Represented a buyer in its acquisition of a distressed senior mortgage loan in a structured transaction in which both the borrower and mezzanine lender were out of the money, for a Washington State office complex involving debt and equity in excess of $75 million.

  • Represented a mortgage lender in the origination of a bridge loan on a office building in Southern California.

  • Represented a mortgage lender in the origination and restructuring of a land loan for Hawaii property.

  • Represented a borrower in a workout of a Northern California land development transaction, involving reduction of recourse liability, creation of a participating loan structure and delivery into escrow of a deed-in-lieu of the foreclosure.

  • Defended a homebuilder client and its principal in litigation brought by lender to recover on guaranties and obtain a prejudgment writ of attachment pending trial.

  • Represented a contractor in an action to stop foreclosure and determine priority of liens among various lenders and mechanic's lienholders.

  • Represented a pension fund in the sale of a $170 million apartment and retail complex in Santa Monica, California, which included the negotiation of an assumption and release agreement in connection with the buyer's assumption of the existing financing.

  • Represented a multi-family real estate investor in the sale of a $43 million residential property in Santa Barbara County and implementation of related 1031 exchange.

  • Represented one of the largest U.S. pension funds in the sale of a $48 million portfolio of office buildings in Santa Clara County and San Diego County.

  • Represented a pension fund in obtaining a $55 million loan secured by an office building in Orange County.

  • Represented a pension fund in the negotiation of a joint venture with an operating company to invest in high-quality, stabilized office and industrial properties in Brazil, and negotiated related property management agreement and operator guaranty.

  • Represented the lender in the deed in lieu of foreclosure conveyance of a multi-family property in San Joaquin County.

  • Represented a pension fund in the restructuring of a joint venture that invests in medical office buildings throughout the United States.

  • Represented a governmental plan with a $100 million investment in a $13 billion global, "go anywhere" commingled real estate fund (the largest fund of its kind ever raised at the time).

  • Represented an institutional sponsor of commingled real estate private equity funds in the formation (and later restructuring) of a series of equity funds possessing, in the aggregate, more than $1 billion of capital commitments.

  • Represented a governmental plan in forming a series of separate accounts, each with a different sponsor and strategy and ranging in size from $100 to $400 million, to develop, acquire and/or rehabilitate multi-family, industrial/logistics, and self storage properties throughout the United States.

  • Represented an institutional sponsor of commingled funds and separate accounts in the restructuring of nine separate accounts owning, collectively, greater than $1 billion in assets as part of a R. 363 bankruptcy sale.

  • Represented an East Coast developer forming multiple joint ventures with different equity investors to rehabilitate and convert large brownstones in downtown locations into multi-family boutique apartment buildings.

  • Represented a large British investment bank in making a $15 million preferred equity investment in a joint venture with a developer to develop high-end condominiums in New York City as part of the restructuring of the capitalization of such joint venture.

  • Represented a prominent Pacific Northwest developer in executing a "buy/sell" transaction with its investor where the developer ended up acquiring the investor's interest in the joint venture.

  • Represented an asset manager in a joint venture with a global development group and a U.S. private pension fund to acquire two Class A office towers in Paris.

  • Represented a joint venture investor in connection with a $121 million credit facility to construct a mixed-use development in Santa Monica, California.

  • Represented a public REIT in closing over $2 billion of commercial finance transactions since 2018.

  • Represented an operating company in the formation of a joint venture to acquire and reposition a $200 million distressed office building in San Francisco, California.

  • Represented a public company in financing numerous R&D projects throughout the United States, including a $200 million syndicated credit facility to construct an R&D project in New England and a $55 million and $36 million syndicated credit facilities to construct R&D projects in Northern California.

  • Represented a commercial developer in obtaining a $27.5 million credit facility to construct a build-to-suit office development in Silicon Valley and subsequent permanent takeout financing.

  • Represented a public company in connection with a $385 million refinancing of a multi-family portfolio in California and Hawaii.

  • Represented a public company in securing a $55 million syndicated credit facility to construct an R&D project in Northern California.

  • Represented a client in connection with the replacement of a $75 million direct pay letter of credit facility.

  • Represented a commercial developer in securing credit facilities to construct new shopping centers and retail projects in California, Texas and New Jersey.

  • Represented a real estate company in the refinancing of twin office towers located in West Los Angeles in the amount of approximately $175 million, which financing was provided by a major life insurance company.

  • Represented a real estate investor in the sale of two large apartment projects on a marina located in the Los Angeles area to a public company, for a total purchase price of exceeding $270 million. These projects are located on land leased to the client by a local governmental agency, and this transaction requires a complex approval process with this governmental agency.

  • Represented a joint venture between a Southern California developer and a New York based investor based in the acquisition of a master planned golf course community that had been partially completed before going into default with its lender. The price paid by the new ownership group was less than $30 million, for a high profile project in which the prior stakeholders had invested in excess of $100 million.

  • Represented a real estate company in the acquisition of 9 projects located throughout the desert communities of Southern California with a value of approximately $50 million. These projects were encumbered by loans held by a major bank, and this transaction consisted of the purchase of the loan portfolio from this bank, and the subsequent deeds in lieu of foreclosure for each of the projects completed with the prior developer.

  • Represented a New York real estate investor that purchased a retail center located in Orange County, for a price of approximately $75 million. This project had significant entitlement and operational issues for the client to resolve, which created the need for sophisticated local real estate counsel for this client.

  • Ongoing representation of a New York based real estate investor in connection with its investments in California real estate projects, working together with the client's lead counsel based in New York. Representations included the purchase of two large office buildings located in San Francisco in 2010 and 2011.

  • Represented a public pension fund in the formation of a platform joint venture with the principals of a real estate development and operating company based on the East Coast. At the time this joint venture was formed, it acquired the primary assets of the development and operating company, and also purchased a portfolio of multi-family projects from an institutional seller that had hired the operating company to manage its projects and was liquidating its position. The new joint venture was formed in 2012 with assets valued at over $800 million.

  • Represented a public pension fund in connection with the acquisition of a portfolio of office buildings located in Austin, Texas for a purchase price of over $850 million.

  • Represented a borrower in securitized loan transaction totaling $175 million.

  • Handled declaratory relief action brought by guarantors of a large real estate portfolio acquisition loan, seeking exculpation from certain guaranty provisions.

  • Multi-week trial before a private judge, litigating dispute between mezzanine lender and principals of borrower, over the borrower's alleged intentional conduct to trigger a call on a letter of credit put up by the mezzanine lender as additional security for the senior lender. Argued appellate issues before Fourth District Court of Appeal in related case against prior members of borrower entity.

  • Negotiated the sale of an office complex in Fairfax, Virginia for a sale price of $128 million.

  • Represented a public pension fund in connection with the investment of over $800 million to acquire a portfolio of residential projects located primarily on the East Coast.

  • Negotiated the post-foreclosure acquisition of a retail/office project in Hermosa Beach, California from lender.

  • Represented the borrower in connection with a $125 million senior secured real estate term loan secured by 25 medical office buildings located throughout the country.

  • Represented borrowers in connection with $212 million term loan secured by a multi-building office park located in Springfield, Virginia.

  • Negotiated the assumption of an $8 million loan in connection with the acquisition of a shopping center in Chula Vista, California.

  • Represented construction lender in connection with the financing of acquisition, development and construction of single family detached homes in Southern California.

  • Represented an affiliate of borrower in connection with the discounted acquisition of the borrower's debt from a national bank.

  • Successfully settled a dispute on behalf of a bank in a lender liability claim brought by borrower.

  • Represented a portfolio lender in connection with the origination of a $112 million loan secured by 620,000 net rentable square feet of retail space in Southern California's San Fernando Valley. The real estate collateral had challenging zoning issues and the transaction included negotiating SNDAs with multiple national tenants.

  • Negotiated the terms of a $12 million revolving line of credit secured by an operating upscale Southern California hotel.

  • Represented a national bank in connection with the workout of a distressed construction loan involving multiple extensions, modifications and the amendment and restatement of two cross-defaulted and cross-collateralized loans totaling approximately $134 million, secured by skilled nursing facilities. The underlying real estate collateral also included the ground leasehold estate in property owned by a related non-borrower trustor.

  • Negotiated on behalf of a portfolio lender the origination of an approximately $200 million portfolio loan secured by office and industrial properties in five states. Subsequently helped the client modify the loan portfolio in order to effect the substitution and release from the lien of the loan documents of certain of the original properties in exchange for new properties located in different jurisdictions. The transactions were highly complicated due to the aggregate loan size, the number of parcels, and the different jurisdictions in which the properties were located. The transactions were also structured to address jurisdictional issues (in particular, the implications of California's one form of action rule).

  • Represented a real estate operator in connection with the acquisition of unentitled land subsequently subdivided into a multi lot master development. Representation included the negotiation of a joint venture with an institutional investor, acquisition and development financing, and the subsequent sale of entitled lots to third-parties.

  • Advised a real estate developer in connection with the acquisition of a large residential golf course community. The transaction included negotiating the joint venture agreement with the project's equity investor, and negotiating construction and working lines of credit for the property. The transaction was further complicated by unique income tax objectives of the parties to the joint venture.

  • Represented a real estate investor in connection with the acquisition of a distressed loan portfolio consisting of 11 loans secured by both operating properties and entitled and unentitled land. The transaction included the simultaneous negotiation of a master deed in lieu of foreclosure agreement with the portfolio borrowers and the concurrent closing of the loan portfolio acquisition and the deed in lieu transaction.

  • Represented an owner of data storage centers in the negotiation of a credit facility in an amount in excess of $250 million for general corporate purposes. Loan collateral was multiple data storage centers located in the western United States.

  • Represented a lender to an owner of a boutique hotel in New York City, New York in connection with a $65 million loan facility, which was structured as a senior loan of $40 million that was transferred to another lender and the client retaining a junior loan in the amount of $19 million. Negotiated all loan documents, syndication agreement, and inter creditor agreement with a mezzanine lender to borrower.

  • Represented an insurance company, in $100 million loan to a publicly traded REIT. The loan was secured by office properties located in Los Angeles and Orange County, California.

  • Represented a hedge fund on various loan works outs associated with assets acquired in bankruptcy. Loans worked out included cross collateralized loans, to regional and national lenders, with loan sizes ranging below $5 million to in excess of $20 million.

  • Primary counsel for mezzanine lender in connection with mezzanine loans throughout the United States. Loans included capital for distressed loan acquisition, converting into both senior and mezzanine loans upon sponsor's acquisition of underlying real estate.

  • Represented a large national bank in connection with the restructure of a $100 million A/B loan to multiple borrowers and secured by both multiple office buildings along with membership interests in affiliated entities. In addition to the multiple collateral issues, representation included negotiation of the syndication of the loan with various lenders.

  • Represented one of the largest U.S. national banks in connection with an approximately $53 million mortgage loan to a large retail shopping center. The collateral was tenanted with small and multiple large, national tenants and subject to a ground lease with the municipality.

  • Represented an institutional investor in the formation and maintenance of a separate investment vehicle capitalized with $500 million, and its subsequent investments in an emerging markets investment program in residential, office, retail, and industrial real estate investments in diverse locations such as China, Brazil, Colombia, Mexico, Perú, and Uruguay, which included the review and negotiation of the partnership agreement, side letter, subscription agreement, and documentation provided to lenders to the fund.

  • Represented an institutional investor's interests in the unwinding of a joint venture, resulting in the division of more than 60 properties valued in excess of $1 billion dollars, the formation of three joint ventures and the concurrent acquisition of 32 industrial properties in California, valued at $558 million dollars, together with the assumption of two loans totaling more than $170 million dollars, the release and reconveyance of other debt, environmental, title, survey and contract review, and modification of the advisory agreement with the pension fund's advisor to address the new properties.

  • Consolidated a large institutional investor's entire core multi-family apartment portfolio under a single partner, documenting a $205 million commitment to the venture. The new venture included 57 apartment communities with 14,674 units in 13 states with a net asset value of approximately $1.8 billion.

  • Implemented the Real Estate Strategic Plan for a large California pension fund, including negotiating the relationships between the fund and partners in the core investment areas of industrial, retail, multi-family, and office.

  • Represented all of the institutional limited partners in two co-mingled funds with assets in Mexico in the conversion of their interests in the funds by a roll up of the assets and the contribution of those assets to one of the earliest REITs formed in Mexico.

  • Represented a public pension fund in connection with the issuance of a new fund series in an existing private equity company that invests in or alongside domestic and international private equity funds pursuing a variety of investment strategies.

  • Coordinated all title and survey due diligence and a two stage closing of the acquisition of over 70 industrial properties in 16 states.

  • Represented an institutional investor in its $500 million investment, and concurrent $900,000 co-investment, in a large, open ended commingled fund investing in domestic and international infrastructure investments, including airports, ports, renewable power, and energy facilities.

  • Restructured an institutional investor's ownership and advancing a new $135 million commitment to a joint venture acquiring infill-located grocery- and drug store-anchored shopping centers nationwide. The assets were valued at $723.3 million. The venture owns 17 California shopping centers.

  • Represented a public pension fund in its $175 million investment in the multi-billion dollar PRISA a commingled separate account sponsored by The Prudential Insurance Company of America.

  • Represented institutional investors in its $175 million investment in a multi-billion dollar an open ended real estate co-investment vehicle investing in equity real estate investments in the United States.

  • Represented three U.S. institutional investors in connection with conversion of their investments in two commingled funds that owned approximately 150 assets located in Mexico by converting into a Mexican REIT, and handling their shares in the resulting $600 million dollar public offering.

  • Negotiated separate account advisory agreements for multiple state public pension funds as well as an endowment fund with its third party advisors who will manage portions of the fund's investment portfolio. Often engaged to update advisory agreements for public funds, as their prior contracts expire or they engage new advisors.

  • Represented a joint venture investor in connection with a $19 million insurance company loan to rehabilitate and re-tenant a retail center in Hawaii.

  • Represented a retail development company in securing $20 million in construction financing to finance retail development projects in Austin, Texas, and in securing $25 million in construction financing to finance new retail development in Fremont, California. 

  • Represented a public company in connection with a $60 million syndicated credit facility to finance development and construction of a medical research & development project in San Francisco, California. 

  • Represented an investment company in obtaining a mezzanine loan secured by interests in two Denver office properties.

  • Represented a REIT in connection with a $325 million syndicated loan secured by a 1.44 million square foot portfolio of Class A office properties located in Southern California.

  • Represented a high-leverage mortgage lender REIT in connection with the origination of a $30 million mortgage loan to finance the refurbishment of a 368-room full-service hotel operating under a national flag in Southern California.

  • Represented a regional bank in connection with a $30 million mortgage loan and working capital line secured by a hospital and medical office building and negotiated intercreditor agreements with participating lenders.

  • Represented a large national bank in connection with a $345 million syndicated loan secured by more than 100 industrial properties located in 5 states, including negotiations of an intercreditor agreement with a mezzanine lender.

  • Represented syndicated lenders in making a $38.5 million credit facility to a global supplier of fill and plastic related products, which credit facility consisted of a revolving line coupled with trade finance capabilities (Site Letters of Credit, Bankers Acceptances, Usance Letters of Credit, Standby Letters of Credit, and shipping guarantees).

  • Represented a financial institution in making both a $6 million term loan and a $3.7 million borrowing base loan based upon crops (green onions and other vegetables), accounts receivable, inventory, and equipment.

  • Represented numerous lenders in making conforming accounts receivable/inventory loans to a variety of businesses, including a tile wholesaler/retailer, a sand and gravel company, a fish wholesaler/retailer, a rare coin dealer, and a printer cartridge supplier.

  • Represented an investor in potential acquisition of note pool for $380 million, with assets in western United States and Hawaii. Engagement included assistance in entity structuring issues, internal and external funding structures for note pool, and diligence.

  • Represented a publically traded mortgage REIT in connection with the sale of an approximately $50 million mortgage loan secured by property in Dallas, Texas. The buyer was affiliated with the borrower under such loan, and services provided to client included proper structuring of releases from the borrower and guarantor.

  • Represented an investor of the purchase of partially sold condominium complex located in Chicago, Illinois from one of the top five banks in the United Statements. Engagement included assessment of risks and structuring of mitigants with respect to condominium regime. 

  • Represented one of the top five banks in the United States in sale of environmental contaminated property. Services provided counseling on transitional issues with existing tenant, structure of sale and risk minimization associated with environmental condition. 

  • Represented borrowers with respect to the commercial reasonableness of a foreclosure sale under the Uniform Commercial Code and the lender's compliance with the notice provisions thereof.

  • Represented lenders in conducting public and private Uniform Commercial Code foreclosure sales of a debtor's equipment, inventory, accounts receivable membership interests in a limited liability company and a judgment.

  • Represented lenders in putting account debtors on notice and in foreclosing on pledged bank accounts.

  • Represented lenders in obtaining the appointment of receivers to operate, pending a non-judicial foreclosure, numerous multi-family and office properties.

  • Represented the receiver of a large commercial and retail complex in Los Angeles, pending non-judicial foreclosure by lender.

  • Represented borrowers in negotiating stipulations for the appointment of receivers, with particular emphasis on insuring that provisions of a non-recourse carve out guaranty were not violated, for multi-family projects, retail centers, hotels, and shopping centers in California and Nevada.

  • Represented lenders in obtaining the appointment of receivers to operate and liquidate numerous companies, including a company in the business of producing Christian music, a company in the business of importing and selling patio furniture, and a company in the business of importing and selling apparel.

  • Represented a borrower in connection with the successful workout of a nearly $40 million securitized loan secured by a commercial office building that had been in receivership for over six months.

  • Represented a developer in negotiation of a deed in lieu and settlement agreement in connection with an $8.3 million construction loan.

  • Represented a lender in the restructuring of accounts receivable/inventory/ equipment loans, which are not secured by real property, including loans to companies which produce ink cartridges, t-shirts, bathroom fixtures, irrigation equipment, and sprinklers.

  • Represented a lender in connection with the restructure of a loan secured by five properties and five membership pledges, which restructure involved splitting the promissory note into three separate promissory notes to add an additional lender as holder of the B Note and negotiating an intercreditor agreement with such holder of the B Note.

  • Represented lenders in the workout and restructuring of numerous construction loans, including issues associated with making additional advances, the exercise of additional controls over disbursements, and requiring the retention of a consultant.

  • Represented lenders with respect to the restructuring of agricultural loans to nurseries, row crop farmers and permanent crop farmers, which agricultural loans were secured by crops along with real property.

  • Represented a publicly traded real estate investment trust in obtaining a $120 million loan secured by a portfolio of office/laboratory buildings in California, Virginia, and Washington.

  • Represented a publicly traded real estate investment trust in the assumption of a $21 million loan secured by a medical office building in Phoenix, Arizona.

  • Represented a comingled investment fund in obtaining a $185 million loan secured by a luxury hotel in Southern California.

  • Represented the borrower in the deed in lieu of foreclosure conveyance of a high-rise condominium project in Los Angeles, California, secured by a $130 million loan.

  • Represented a comingled investment fund in the restructure of a $45 million real estate secured loan involving the write down of loan principal, the investment of additional capital by the borrower, and the grant of a contingent backend interest to the lender.

  • Represented the developer of a hotel project in a unique construction financing transaction involving a loan of proceeds from the sale of tax-exempt Recovery Zone Facility Bonds authorized by the American Recovery and Reinvestment Act of 2009.

  • Represented two San Francisco Bay Area nonprofit schools in tax-exempt bond loans for the construction of new school campus facilities.

  • Represented investor in $57 million acquisition and financing of a portfolio of 17 multi-family apartment buildings in San Francisco.

  • Represented a developer/borrower in connection with $150 million acquisition and development loan for multi-phase industrial condominium project.

  • Represented a mezzanine lender in origination of mezzanine construction loan for development of a San Francisco condominium project valued at $35 million.

  • Represented a pension fund in the negotiation of a joint venture with a residential developer to invest in undeveloped land in Canada.

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