Jasmine Y. Tzeng

Managing Associate

San Francisco, Los Angeles

Jasmine advises institutional investors, investment funds, fund sponsors and developers in all phases of real property investment, development, secured financing, acquisitions and dispositions of real estate portfolios, hospitality, construction and other corporate real estate activities.

In particular, Jasmine is experienced with negotiating and drafting documentation unique to the hotel industry, including management and franchise agreements, construction and development agreements, and mezzanine loan agreements.

    • Representation of an international opportunity fund in connection with the US$96.5 million sale of a creative office building in Needham, Massachusetts to MetLife Investment Management.
    • Representation of a mezzanine debt fund in connection with the US$48 million mortgage and mezzanine financing of the Wild Dunes Resort located in Isle of Palm, South Carolina.
    • Representation of a real estate debt fund in connection with the origination of the US$52 million mortgage loan secured by The Biltmore Commerce Center located in Phoenix, Arizona and the financing of the US$42 million mortgage loan made by a subsidiary of a multinational bank secured in turn by the underlying mortgage loan and mortgage loan documents.
    • Representation of an international opportunity fund in with the connection with the acquisition and US$40 million financing of the Hilton Seattle located in Washington, including the negotiation of a hotel management agreement and franchise agreement. Also advised on the negotiation of a construction contract and architect agreement for renovations at the hotel.
    • Representation of an international opportunity fund in connection with the acquisition and financing of the Holiday Inn Boston-Brookline located in Massachusetts.
    • Representation of a real estate debt fund in connection with the US$19 million mezzanine financing made in conjunction with a US$66 million mortgage financing comprised of a senior loan and a project loan of condominium units in an office building at 420 Fifth Avenue located in New York, including the negotiation of an intercreditor agreement. Both mortgage and mezzanine loans have future advance features.
    • Representation of a real estate debt fund in connection with the US$15 million mezzanine financing made in conjunction with a US$48 million mortgage financing with future advance features secured by The Minneapolis Marquette Hotel located in Minnesota, including the negotiation of the intercreditor agreement, hotel management agreement, and franchise agreement.
    • Representation of a global opportunity fund in connection with a joint venture, acquisition, financing and construction of the development of a luxury residential condominium tower, adjacent museum and ancillary office and retail space, including the mortgage and mezzanine loan and preferred equity financing with the joint venture partner located in San Francisco, California.
    • Representation of a global opportunity fund in connection with a joint venture in connection with the acquisition of a hotel and related parking parcel with entitlements for development of a residential condominium located in San Francisco, California.
    • Representation of a real estate debt fund in connection with the US$44 million mortgage financing of a 150,000 square foot lifestyle commercial retail center located in Tarzana, California, anchored by Whole Foods and T.J. Maxx.
    • Representation of a real estate debt fund in connection with the acquisition of US$40 million of junior notes in a US$375 million mortgage loan secured by the Four Seasons Resort Hualalai located in Hawaii.
    • Representation of a global opportunity fund in connection with the acquisition and development of existing membership interest in a joint venture with a fund owning 15 acres of a development site in Needham, Massachusetts.
    • Representation of a subsidiary of a global opportunity fund in connection with the US$212 million refinancing of The Ritz-Carlton Central Park, New York and the negotiation of a construction contract and architect agreement for renovations at the hotel.
    • Representation of a subsidiary of a global opportunity fund in connection with the refinancing of The Ritz-Carlton Georgetown, D.C. and the payoff of the existing loans secured by four luxury hotels.
    • Representation of a real estate debt fund in connection with the US$28 million mezzanine financing made in conjunction with a US$82 million mortgage loan secured by the Georgetown Marriott Hotel located in Washington D.C., including the negotiation of a hotel management agreement and franchise agreement.
    • Representation of a real estate debt fund in connection with the US$28 million mezzanine financing made in conjunction with a US$67 million mortgage loan secured by the Waldorf Astoria hotel located in Chicago, Illinois, including the negotiation of hotel management agreement, and recognition agreement.
    • Representation of real estate investment firm in connection with a revolving credit facility secured by security interests in nonrecourse loans originated by the borrower, which nonrecourse loans are secured by a multi-state hotel portfolio, including two resort hotels in Arizona.
    • Assist client with two separate sponsored syndications in the sale of headquarters campus and adjacent building in Culver City, California.
    • Representation of a global opportunity fund in connection with the refinancing of a seven office building portfolio in Seattle, Washington.
    • Representation of a global opportunity fund in a joint venture in connection with the acquisition of a corporate office plaza located in San Diego, California.

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