Our team excels in devising innovative structures and negotiating complex transactions that set new standards for the real estate market.
We have handled some of the most complex distressed debt acquisitions and loan workouts.
We assisted Walton Street Capital acquire a Seattle office portfolio through cutting edge distressed debt transactions, including simultaneous mezzanine debt foreclosure and sale and restructuring of securitized and structured debt, and recently advised on the refinancing of the portfolio.
We have particular strength in the hospitality, office and residential sectors.
We handle the residential platforms for some of the leading investors in the United States and have advised on a number of distressed debt acquisitions in the hospitality sector, including the San Francisco Hyatt Regency and Irvine Embassy Suites Hotel.
We have deep transactional experience.
The combination of our decades-long involvement with real estate investors, borrowers and lenders and our structured finance expertise has given us the in-depth knowledge of modern real estate financial instruments, such as mezzanine debt, A/B note structures, broken securitization transactions and similar situations. We have the insight to quickly assess existing structures and associated market standards, provide pertinent advice regarding the risks of particular structures and lead our clients to an efficient closing.
Numerous transactions, including the formation of a joint venture to invest in investment grade and non-investment grade CMBS, RMBS, real estate-related B-notes, mezzanine loans, loan workouts and other real estate debt products, and investments by joint ventures in these assets.
Mortgage refinancing of three luxury residential apartment buildings in New York City for an aggregate transaction value of US$217.5 million. Each of the transactions involved concurrent equity restructures which collapsed a multiple mezzanine borrower equity structure.
Acquisition of mezzanine debt on the Hyatt Regency San Francisco, the Embassy Suites Irvine, a Broadway/Lehman office portfolio with office buildings in San Francisco, Los Angeles and Boston and hotel portfolio including the Burbank Marriott and Denver Renaissance Hotel.
Advised the successful bidder in a 363 bankruptcy auction to purchase a two‑tower building containing live/work units and adjacent property to be developed for residential townhomes located in Marina del Rey, California.
$30 million short sale of a fractured office condominium project in Newport Beach, California to avoid foreclosure.
Recapitalization of a 340-acre light industrial park in Kalamazoo, Michigan, which included new capital syndication, structured as subordinated mezzanine debt, a mortgage and mezzanine financing from a high-yield debt fund, and a discounted payoff on outstanding debt.
Purchase of defaulted loans and subsequent foreclosure on ten properties from the largest portfolio of multifamily properties in the Bay Area.
Multi-step acquisition of multiple tranches of mezzanine debt and a portion of mortgage debt secured by a portfolio of 12 office buildings in Seattle and Bellevue, Washington. After resolving multi state litigation brought by a minority co-lender, concluded UCC mezzanine debt foreclosure and restructure of US$466 million of senior mortgage debt. In 2015, advised on $320 million refinancing of portfolio.
Successful stalking horse bid on a 300,000 square foot West Los Angeles office building in a $111 million Section 363 sale.