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Construction Lending


Overview

Our commercial real estate finance lawyers have extensive experience closing large, complex construction loans. We understand that being effective in closing construction loans requires a comprehensive knowledge of the development, construction, and leasing process as well as a thorough understanding of the underlying asset class being financed. Our lawyers have the experience required to address with precision the nuances that must be scrutinized in order to appropriately manage the risks inherently associated with construction lending.

Experience

  • Represented a nationally recognized construction lender in a $560 million construction loan for development of an ultra-luxury condominium project in Sunny Isles Beach, Florida. This loan is the single largest transaction in the bank’s history and was the largest loan of record in this cycle in Miami-Dade County.
  • Represented the New York office of an international investment bank in a $190 million loan for construction of a large mixed-use project consisting of mid-rise multifamily, specialty retail, parking, and related improvements located in Charlotte, North Carolina.
  • Represented a co-lender in a $84.75 million loan to finance the construction of a mixed-use residential and retail condominium project containing 217 residential units, approximately 12,300 square feet of retail space, and associated parking garage and improvements.
  • Represented a pension fund advisor in connection with three loans aggregating $138 million for the construction of 563 multifamily apartment units with ancillary retail space as part of the redevelopment of an air force base located in South Weymouth, Massachusetts.
  • Represented the agent lender in a syndicated loan secured by a portfolio of approximately 100 health care properties located throughout the United States. The loan includes a revolving tranche used for construction of additional health care facilities. 
  • Represented a lender in a $115 million syndicated loan to finance the construction of a 41-story, 489-unit condominium project, certain commercial space, parking, and related improvements.
  • Represented a super-regional bank in the recent closing of 15 multifamily construction loans having a principal balance in excess of $400 million secured by properties principally located in the boroughs of New York City.
  • Represented a pension fund advisor in connection with a $33.35 million loan for the construction of 100 multifamily apartment units in Denver.
  • Represented a co-lender in a $256 million loan to finance the construction of two 49-story luxury condominium buildings consisting of 849 residential units, 60,120 square feet of commercial space, a parking garage, and related improvements.
  • Represented a pension fund advisor in connection with a $48.75 million loan for the construction of 240 multifamily apartment units with clubhouse facilities in Amesbury, Massachusetts.
  • Represented the lender in a $345 million loan to finance the construction of two 42-story tower luxury condominium buildings consisting of 542 residential units, with an additional 60,120 square feet of commercial space, a parking garage, and related improvements.
  • Represented lender in a $64 million syndicated loan to finance the acquisition, renovation, and  condominium conversion of 356-unit rental apartment project and related improvements in Miami.
  • Represented a major developer in completing the development of a $230 million hotel, residential condo, and hotel condo project and in a series of loans totaling more than $100 million, including the refinancing of a $115 million construction loan into a $65 million permanent loan and securing a $7.5 million mezzanine loan facility.
  • Represented the lender in a $43.28 million loan to finance the acquisition and to fund renovations and other costs associated with the condominium conversion of a 272-unit rental apartment project and related improvements.
  • Represented a participant lender in a $218 million loan to finance the construction of a 57-story and a 44-story luxury condominium buildings consisting of 1000 residential units, with an additional 24,465 square feet of commercial space, 1,365 space parking garages, and related improvements in Miami.
  • Represented a national bank in a $30 million acquisition and construction loan for a 20-story, 199-unit condominium project in which the equity was provided by Fannie Mae, acting through its American Communities Fund.
  • Represented the lender in an $18 million loan to finance the construction of a 14-story residential condominium building consisting of 90 residential units and approximately 2,444 square feet of ancillary retail space.
  • Represented a pension fund advisor in connection with a $31.3 million loan for the construction of 112 multifamily apartment units in Port Jefferson, New York.

Disclaimer

The information on this website is presented as a service for our clients and Internet users and is not intended to be legal advice, nor should you consider it as such. Although we welcome your inquiries, please keep in mind that merely contacting us will not establish an attorney-client relationship between us. Consequently, you should not convey any confidential information to us until a formal attorney-client relationship has been established. Please remember that electronic correspondence on the internet is not secure and that you should not include sensitive or confidential information in messages. With that in mind, we look forward to hearing from you.