Lender-side Financing and Restructuring

Fried Frank advises financial institutions, private equity firms, and institutional investors on bespoke, high-value financings for origination, acquisition, syndication, participation, and disposition of all types of commercial mortgage and mezzanine loans and preferred equity investments, including financings of assets to be constructed, transitioning due to a use, rehabilitation or other change, or which are stabilized.

We represent domestic and international lenders, providing pragmatic legal counsel on all aspects of real estate investment transactions involving commercial, residential, retail, hotel, industrial, warehouse, and mixed-use properties and portfolios.

Our team has extensive experience with loan restructuring, discounted pay-offs, foreclosures, deeds in lieu of foreclosure, workouts, restructurings, short sales, intercreditor disputes, and lender liability claims. Where advantageous we add the capabilities of specialist colleagues in tax, litigation, and other areas, bringing a broad knowledge base to every transaction.

Select representations include:

• Blackstone in its US$1.8 billion financing for Tishman Speyer’s construction of The Spiral, a 2.8-million-square-foot trophy office building located in the Hudson Yards district of New York City.
• Blackstone in its aggregate US$1.52 billion construction loans to a joint venture between Worthe and Stockbridge for the redevelopment of Burbank Studios in connection with Warner Brothers’ headquarters expansion, and the sale of a mortgage loan to Wells Fargo.
• The Children’s Investment Fund in connection with its aggregate US$870 million construction financing, secured by certain parcels of real estate property located adjacent to and above the South Station in Boston, MA.
• JPMorgan in its origination and syndication of a US$900 million construction loan to affiliates of Extell Development for the development of Central Park Tower. The 1,550-foot tower is the tallest residential building in the world and includes the new 320,000-square-foot flagship Nordstrom department store at its base.
• JPMorgan and Starwood Property Trust in their modifications to mortgage and mezzanine loans aggregating US$900 million to WeWork Property Investors to finance its acquisition of, and major renovations to, the iconic Lord & Taylor flagship store at 424 Fifth Avenue in New York City.
• KKR in connection with its US$510 million mortgage and mezzanine financing for the acquisition and redevelopment of 300 Lakeside Drive, a Class-A office complex that will be used as the new PG&E headquarters, and 344 Thomas L. Berkley Way, a mixed-use space, both in Oakland, CA.

Fried Frank advises financial institutions, private equity firms, and institutional investors on bespoke, high-value financings for origination, acquisition, syndication, participation, and disposition of all types of commercial mortgage and mezzanine loans and preferred equity investments, including financings of assets to be constructed, transitioning due to a use, rehabilitation or other change, or which are stabilized.

We represent domestic and international lenders, providing pragmatic legal counsel on all aspects of real estate investment transactions involving commercial, residential, retail, hotel, industrial, warehouse, and mixed-use properties and portfolios.

Our team has extensive experience with loan restructuring, discounted pay-offs, foreclosures, deeds in lieu of foreclosure, workouts, restructurings, short sales, intercreditor disputes, and lender liability claims. Where advantageous we add the capabilities of specialist colleagues in tax, litigation, a...