Attorneys from DE’s corporate, commercial real estate, and banking & finance departments represented BH Group in finalizing a partnership agreement between BH Group and Lennar Corporation. The partnership agreement led to the contribution of the Presidential Golf Club, a 104.3-acre golf course near Aventura, Florida, to the joint venture for approximately $17.5 million, with the intent of developing over 100 luxury homes. In connection with the contribution, we negotiated and finalized documentation required to release the land from the existing mortgage encumbrance and then convert the indebtedness into a mezzanine loan facility.

Represented one of South Florida’s most renowned development firms in connection with an eight-figure multifamily construction loan for a property located in Sarasota, Florida. The proposed development will consist of 200-plus luxury apartments located on approximately 10 acres.

Represented a Massachusetts-based equity fund in connection with the acquisition and acquisition financing for property located in Connecticut operated as a distribution center for a publicly traded equipment rental company.

Represented prominent Florida real estate development firm in connection with an eight-figure predevelopment loan for a proposed and permitted 100-unit residential subdivision in Miami, Florida.

Represented the McKee Group in obtaining $50 million in financing in connection with its purchase of a residential luxury apartment complex located in suburban Philadelphia, PA. This deal involved the establishment of a borrowing facility and creating a complex corporate structure to allow for tenants in common to use 1031 exchange funds in connection with the acquisition, and other customizations. DE’s Real Estate, Finance, Corporate and Tax practices advised the McKee Group on the transaction.

Assisted a leading fintech startup in securing $50 million in growth equity funding in 2023, which included negotiating the deal documents, revising the company’s corporate charter, and drafting a subsequent equity vesting plan.

Assisted a leading financial lender in the restructuring of an eight-figure million loan facility, which involved drafting and negotiating key credit agreement documents and related ancillaries.

Assisted real estate investment firm with the closing of a loan involving a portfolio of 20 national pharmacies. Our work involved KYC, legal opinions and corporate documentation for the loan, and with the recordable documents on the real estate side of the matter.

We represented a real estate investment group and a family office in Mexico defeasing multiple commercial mortgage-backed securitized loans for a drugstore portfolio and refinance the same portfolio with a nine-figure senior secured loan.

Guided a Nashville construction company through the process of closing on a substantial private line of credit. The access to capital will allow the company to expedite its growth, work on larger developments, and take on more projects during the market’s busy season for construction.

Represented Borrower in acquisition and finance of 2 Walgreens in both Fairlawn, Ohio and Waterbury, Connecticut.

Represented Lender in $4 million construction to permanent loan of 293-lot luxury subdivision in Delaware and $3 million revolving line of credit for working capital regarding the same subdivision.

On behalf of one of nation’s premier renewable energy firms, closed on a $70 million total senior secured credit facility, consisting of a $50 million revolver and $20 million permanent loan.

Continued representation of Lender in the perfection of security interests regarding advances under $2.5 million revolving line of credit facility.

Represented private equity fund client in a refinance, fee acquisition and membership interest purchase of 58 car wash properties, together with loan facilities totaling $141.5 million.

Represented Lender in $11 million construction loan with long-term investor client.

Represented Borrower in developer loan transaction regarding a solar energy field in southern Rhode Island.

Represented Lender in $14 million construction to permanent loan for three medical marijuana facilities situated throughout Missouri.

Represented Borrower in $51.4 million refinance of a portfolio of Walgreens properties.

Represented Borrower in acquisition and $22 million loan for 18 properties in Puerto Rico.

Represented Borrower in $3 million construction to permanent loan for improvements of a medical facility in southeastern Massachusetts.

Represented developer in $3 million mortgage loan refinance of luxury condominiums in downtown Providence.

Advised a large private lender in connection with a $29.2MM mortgage loan for the construction of a multi-use commercial and residential building in Bozeman, Montana.

Advised a large private lender in connection with a $40.3MM leasehold mortgage loan secured by the shares of a cooperative building in Florida.

Advised a large corporate client in connection with multi-level corporate restructuring and a $175MM senior secured loan in order to defease six (6) commercial mortgage backed securitized loans for a CVS portfolio across the United States.