Manhattan Hotel – $11 Million Preferred Equity Investment
Represented the owner of a Manhattan hotel, currently not in operation due to Covid-19, in connection with negotiating an $11 million preferred equity investment by a joint venture. The transaction included the preferred equity investment, a loan modification, and an amendment to the existing hotel management agreement with hotel brand.
Family Offices – Review and Negotiation of Tax-Related Provisions
Represented ultra high net worth individual and single and multiple family offices in the review and negotiation of tax-related provisions for fund documents (including side letter negotiation) for investments in private equity funds, hedge funds and venture capital funds.
Multigenerational Family Business – Establishment of Family Office Structure
Assisted branch of a multigenerational family business in setting up a family office structure to provide centralized investment management and operations. This representation included restructuring investment and operating entities to aggregate relevant ownership interests into the family office ownership structure.
New Market Tax Credits – Construction of Mixed-Use Building – West Virginia
Represented a regional bank and their investment partner in financing the construction of a mixed-use building in West Virginia with commercial space and 16 rental apartments. The apartments are targeted to provide affordable housing to teachers in the community.
New Market Tax Credits – Redevelopment of Indiana Industrial Facility
Represented a regional bank and their investment partner in financing the modernization and expansion of an industrial facility in Indiana. The facility will add approximately 20,000-sq.-ft. of additional manufacturing space which will be used for additional manufacturing lines. Once final, the renovated and updated facility will create an additional 20 to 30 jobs in the community.