Our team has a distinct capital markets focus with deep experience in secured and unsecured credit facilities, mezzanine, construction, and term loans, syndicated loan facilities, commercial mortgage loan origination, as well as investments in CMBS, RMBS and other structured real estate debt products. We have also advised on A/B tiered structures, leasehold financings, preferred equity structures, participations and syndicated facilities, credit tenant loans, bridge, and permanent financings, acquisition and disposition of loans (collateralized or unsecured) as well as restructurings, workouts and foreclosures of commercial and residential mortgage loans.
We have deep experience in the establishment of lending platforms.
We assisted a private equity real estate firm in connection with the establishment of its first mezzanine debt fund and have handled five of its financings to date. We also have advised international financial institutions on establishing non-recourse real estate lending programs in Japan.
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 also handled a number of distressed debt acquisitions in the hospitality sector, including the San Francisco Hyatt Regency and Irvine Embassy Suites Hotel.
We offer a unique advantage with a fully integrated CMBS/RMBS team.
With one of the premier CMBS and RMBS teams in the US market, we offer seamless coverage for property and loan transactions that involve securitizations as well as investments in CMBS and RMBS loans.
JPY¥12.2 billion loan and bond financing of the acquisition of a portfolio of office properties in Tokyo, Japan by a consortium of international real estate opportunity funds.
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.
Mezzanine financing of the Waldorf Astoria Chicago in conjunction with a mortgage loan secured by a first lien pledge of the equity/membership in the mortgage borrower.
US$28 million mezzanine financing of a luxury hotel in Washington, D.C. The mezzanine loan was made in conjunction with a US$82 million mortgage loan secured by a first lien pledge of the equity/membership in the mortgage borrower.
$531.5 million commercial real estate loan CLO issuance comprised of two classes of bonds and one class of preferred shares and sponsored by NorthStar Realty Finance Corp., a publicly traded REIT.
Origination of secured mortgage loans for its CMBS origination platform.
US$97.5 million bridge loan to Waypoint Borrower LLC to be used for the purchase and renovation of single family residential real estate for rental.
Exercise of par purchase options under Intercreditor Agreements and deeds in lieu and strict foreclosure actions to obtain control of the real estate and equity.
US$98 million of acquisition and capital improvement financing for a hotel in San Francisco. The financing was structured as a mortgage and mezzanine debt secured by a mortgage on the hotel and a pledge of the mortgage borrower’s equity to secure the mezzanine loan.
Loan originations as well as the restructuring and disposition of its nonperforming commercial real estate loan portfolio with an aggregate transaction value in excess of US$500 million.
Advised on numerous non-recourse financings in Japan, including the recapitalization of a publicly traded Japanese real estate investment trust (J-REIT) and other sophisticated financings of office, retail and logistics properties.
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. We also advised on US$320 million refinancing of portfolio.