Nathan Berman/Downtown Holdings - Complicated $143.8 Million Liberty Bond Transaction
2005
Representation of the joint venture between Nathan Berman and Downtown Holdings LLC in refinancing the $143.8 million in tax and tax-free liberty bonds with new liberty bonds issued by HDC. Helaba also replaced HSBC as the project’s senior credit facility provider. We also represented the joint venture in a mezzanine loan by Bank of America, TriSail Capital Corporation and Residential Mezzanine Fund, LLC, which was refinanced a few months later with a mezzanine loan by an affiliate of Archstone.
2005
Representation of the joint venture between Nathan Berman and Downtown Holdings LLC in refinancing the $143.8 million in tax and tax-free liberty bonds with new liberty bonds issued by HDC. Helaba also replaced HSBC as the project’s senior credit facility provider. We also represented the joint venture in a mezzanine loan by Bank of America, TriSail Capital Corporation and Residential Mezzanine Fund, LLC, which was refinanced a few months later with a mezzanine loan by an affiliate of Archstone.
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