9 Bruckner Boulevard Acquisition and Financing

Represented an affiliate of Somerset Partners in the $7.5 million acquisition and financing of 9 Bruckner Boulevard in the South Bronx.  The industrial site will be converted into a 30,000 square-foot food hall, to be known as Bruckner Market.  The property is situated opposite of Somerset’s planned residential development project along the South Bronx waterfront.

Term Loan Facility

Represented a U.S. private bank in a $17 million term loan facility secured by a Delaware trust’s equity interests in residential properties and economic interests in several investment funds.

$33 Million Restructuring of Credit and Loan Facilities

Represented a major U.S. commercial bank, as lender and agent, in a $33 million restructuring of several revolving credit and term loan facilities secured by 11 real properties located in New York.

Syndicated Mortgage Loan

Represented a U.S. commercial bank, as agent and lender, in a syndicated mortgage loan and amendment to an asset-based credit facility to increase the commitment to $100 million, admit new lenders and reallocate outstanding loans among lenders.

Non-U.S. Bank – Acquisition and Construction

Represented a major non-U.S. commercial bank in a $65 million acquisition and construction financing for a retail/residential condominium development in lower Manhattan.

Sale of Interest in Syndicated Mortgage Loan

Represented a major U.S. commercial bank in its acquisition and subsequent sale of a $200 million interest in a syndicated mortgage loan secured by a major New York City office building and its substitution as agent for the lenders.

$200 Million Revolving Credit Facility

Represented a major U.S. private bank in the refinancing of a $200 million revolving credit facility secured by the equity interests of a prominent real estate family in nine New York City office buildings.

Resort Financings

Represented an institutional lender in a $65 million acquisition and pre-development loan for the construction of a residential golf community and luxury hotel development in Mexico and in a development loan in Bermuda.

Institutional Lender – Not-For-Profit School Financing

Represented an institutional lender in term, construction and revolving credit facilities to a not-for-profit school for the arts. The facilities are secured by prime and collateral mortgages on properties in California and New York.

$60 Million Manhattan Retail Acquisition and Leasehold Financing

Represented a developer in forming and capitalizing a purchaser, and in the $60 million acquisition and leasehold financing of a master lease of the retail space at 1657 Broadway, Manhattan.

Mezzanine Lenders – $25 Million Facility

Represented mezzanine lenders in a $25 million secured agented mezzanine facility to a Texas developer. Proceeds of the loans were applied to acquire and develop land in Horseshoe Bay, Lano, and Burnet, Texas.