Represented the borrower in connection with an approximate $48 million mortgage and mezzanine financing provided by Acore Capital Mortgage. Roughly $10 million of the loan proceeds will be future advances for common area and unit renovations at this 481-unit apartment project. The property is operated by New York’s Atlas Real Estate Partners.
Represented an affiliate of Connecticut-based Edgewood Capital Advisors in connection with its $6,000,000 mezzanine loan to the purchaser of The Breakers Hotel in downtown Long Beach, California. BOFI Federal Bank provided first mortgage financing in connection with the acquisition. Proceeds of the loan were used to acquire the existing 220-key hotel and pay for certain pre-development expenses in connection with the future re-positioning of the property to a 175-key luxury boutique hotel.
Represented an affiliate of Connecticut-based Edgewood Capital Advisors in connection with its $27,000,000 mortgage loan to the owner of this 218-key hotel located in the Old Town Scottsdale area. Proceeds will be used in part to renovate and transform the asset into an independent boutique resort hotel.
Represented ownership in the closing of a $53,500,000 mortgage financing secured by this 5-star hotel overlooking Palm Springs, Coachella Valley and the San Jacinto Mountain Range.
Represented the buyer in connection with a $42,220,000 acquisition financing of this office property operated by New York City-based Atlas Real Estate Partners LLC.
Represented an affiliate of Connecticut-based BPM & Company in connection with its $11,400,000 sale of the Residence Inn by Marriott located in Southern Pines, North Carolina.
Represented a national restaurant chain with respect to title/survey matters in connection with a $500+ million financing of 260 sites across the United States.
Represented an owner of cold storage facilities across the United State with respect to title/survey matters in connection with a mortgage financing of 50+ sites.
Represented a REIT with respect to title/survey matters in connection with a financing of 40 retail properties across the United States.