Representative Experience

• Representation of a national lender in connection with the restructuring of a $125 million credit facility into revolving and term loan facilities.
• Representation of a national leasing company acting as agent with the restructuring of a syndicated lease in the amount of $25 million.
• Representation of a privately-held company in obtaining $170 million in revolving and term loan facilities from a national lender to acquire a competitor and refinance its and the competitor's debt. Collateral included real estate and personal property in 15 states.
• Representation of a publicly-traded company in obtaining a $120 million subordinated bridge facility extended by national capital markets participants.
• Representation of the Bank in a revolving credit facility for a company secured by real estate tax certificates issued by multiple taxing authorities.
• Representation of the Bank in a series of term loans and line of credit for a company and its subsidiaries and a large restaurant group in the Washington, D.C. area.
• Representation of the Bank in credit facilities (including an acquisition line and working capital line) for a company and its subsidiaries.
• Representation of a borrower in restructuring of financing of a $20 million athletic club in Montreal. New loan was negotiated, and management agreement was extensively modified.
• Representation of the first mortgagee in the negotiation of a deed-in-lieu of foreclosure in connection with a $47 million loan secured by a nationally-branded hotel in suburban Chicago, including working with the operating partner to preserve rights against hostile guarantors.
• Representation of the first mortgagee in the restructure of a $15.5 million New York City land loan, including analysis and due diligence on tax deferment benefits.
• Representation of the first mortgagee in the restructure of a $16,400,000 New York City mortgage loan, including preservation of rights to vacate tenants and construct improvements using unused development rights.
• Representation of the first mortgagee in the restructure of a $7.5 million mortgage loan secured by a hotel in suburban Atlanta, including negotiation of cash management provisions and cash flow sweeps and future FF&E funding requirements.
• Representation of a lender in connection with a modification of a $40 million loan for the construction of a Hilton Hotel near BWI airport, in Anne Arundel County, Maryland.
• Representation of the Bank in connection with modification of loans to affiliated companies which own various skilled nursing and assisted living facilities.
• Representation of a lender in connection with the modification of a loan for the development of real property located in Loudoun County, Virginia.  The transaction also included the modification of the participation agreement between the lender and its participant.
• Representation of a lender in connection with a forbearance agreement following the borrower's failure to maintain required licenses for its health care facilities.
• Representation of a lender in connection with a forbearance agreement following the borrower's failure to complete development of land to be used for the construction of single family homes.
• Representation of a lender in successful forbearance negotiations and non-judicial workout of loan and floor plan facilities.
• Representation of a lender in sale of portfolio of more than 50 residential REO properties and distressed loans for completed residential properties and lots.
• Representation of the Bank and other national and regional lenders in foreclosures of all types of assets in Georgia, North Carolina, Virginia, Maryland, and other jurisdictions with assistance of local counsel, including retail, commercial, office, industrial, farm property, residential subdivisions and multifamily rental and condominium units.