Billions in Consents to Loan Assumptions and Equity Transfers

Representation of special servicers in connection with borrower requests for lender consent to various matters involving billions of dollars of performing CMBS loans including loan assumptions, equity transfers, loan modifications, forward and reverse 1031 exchanges, post-securitization mezzanine loans and preferred equity investments, companion loans, co-lender, inter-creditor agreements, solar lease and other power purchase agreements, re-platting and redevelopment issues, partial releases, lien spreaders, substitution of collateral easements,  condemnations, SNDAs, property manager changes, borrower restructurings, Rating Agency Confirmations, non-consolidation opinions, single purpose entities, REIT, IPO, Fund and REMIC issues. The loans were secured by all property classes located throughout the United States and its territories, including Guam and Puerto Rico, and had face amounts from a few million to hundreds of millions of dollars, the largest of which was $1.2B.

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Audrey A. Ellis
Partner
Lindsey Z. Parker
Co-Head, CMBS and Real Estate Capital Markets
Karyl Argamasilla
Co-Head, CMBS and Real Estate Capital Markets, CMBS Transactional and Workouts Team
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Experience
Representation of B piece and special servicer clients, handling in excess of $130billion in 2.0 CMBSsecuritizations.
Experience
Handled billions of dollars in distressed debt related to modifications, extensions, forbearances, discounted payoffs, and deeds in lieu of foreclosure.
Experience
Oversaw the servicing of over $6 billion worth of hotel loans involving sales and loan assumptions, restructurings, mergers, deeds-in-lieu of foreclosure, forbearances and other workouts, changes in franchises/ flags, operating/ master lease issues, private equity takeovers, changes in management, e...
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