Borrower-side Financing and Restructuring

Fried Frank lawyers advise real estate developers and owners on borrower-side financings and investments, including mortgage, mezzanine and construction financing, preferred equity, portfolio loans, workouts, and restructurings.

Our experienced team is highly regarded for its deep market background and ability to facilitate highly complex transactions and, where advantageous, we add the expertise of specialist colleagues in tax, litigation, and other areas.

Our broad expertise helps us guide borrowers on various financing strategies and considerations, and we counsel a wide array of clients on some of the most sophisticated and exciting developments across the country.

Select representations include:

• Blackstone in connection with its US$1.6 billion acquisition and financing of a 19-property portfolio located across six states and the related joint venture for the operation and management of the portfolio.
• Brookfield in its US$1.8 billion refinancing of the office condominium unit at One Manhattan West, a 2.1-million-square-foot office building in New York City, its US$494 million refinancing of 655 New York Avenue in Washington, DC, its US$835 million financing for One New York Plaza in New York City, and its joint venture with Swig Investment Company, LLC, in connection with the US$1.25 billion financing for the Grace Building, an iconic 1.6-million-square-foot tower located next to Bryant Park in New York City.
• Extell Development Company in its US$530 million mortgage and mezzanine financing for Brooklyn Point, a 68-story residential tower in downtown Brooklyn.
• Global Holdings in its US$565m acquisition and related US$410m financing of 1250 Broadway, an office tower located in “NoMad” Manhattan.
• KKR in connection with its approximately US$510 million mortgage and mezzanine financing for the acquisition and redevelopment of 300 Lakeside Drive (The Tower) and 344 Thomas L. Berkeley Way (The TLB/Garage) in Oakland, California. The Tower is a high-rise office building consisting of approximately 910,000 rentable square feet of space; The TLB/Garage is comprised of a three-story, mixed-use building and a five-story, 1,405-space parking garage with a landscaped roof garden.
• MAG Partners, Qualitas Property Partners, Atalaya Capital Management and Safanad in connection with their aggregate US$173 million construction loan from Madison Realty Capital for the development of a residential tower at 241 West 28th Street in New York City.
• RXR Realty and LBA Logistics in their US$316 million financing for the construction of the Grand Logistics Center in Maspeth, Queens.
• RXR Realty in its US$404 million mortgage and mezzanine financing from Mesa West Capital, secured by 32 Old Slip, a Class-A office building in downtown Manhattan, and its US$375 million mortgage loan from Nuveen Real Estate for Pier 57 in Hudson River Park on the West Side of Manhattan.

Fried Frank lawyers advise real estate developers and owners on borrower-side financings and investments, including mortgage, mezzanine and construction financing, preferred equity, portfolio loans, workouts, and restructurings.

Our experienced team is highly regarded for its deep market background and ability to facilitate highly complex transactions and, where advantageous, we add the expertise of specialist colleagues in tax, litigation, and other areas.

Our broad expertise helps us guide borrowers on various financing strategies and considerations, and we counsel a wide array of clients on some of the most sophisticated and exciting developments across the country.

Select representations include:

• Blackstone in connection with its US$1.6 billion acquisition and financing of a 19-property portfolio located across six states and the related joint venture for the operation and management of the portfolio.
• Brookfie...