$340 Million Construction Loan for 55-Story Tower in Miami
Legacy Tower MWC, LLC
Representation of Legacy Tower MWC, LLC in a set of construction loans from an affiliate of Silverstein Properties, LLC totaling $340 million consisting of a first mortgage loan and a mezzanine loan. The loans were for the development of Legacy Tower, a 55-story, $500 million, 681 foot tall tower being developed at Miami Worldcenter in downtown Miami, Florida.
Related Practices
RELATED PEOPLE
Partner
Associate
MORE EXPERIENCE
Representation of Oleta Partners, LLC, a joint venture comprised of affiliates of the LeFrak Organization and Turnberry Associates, in the successful negotiation of the long-term ground lease and complicated leasehold financing for a 185-acre brownfields redevelopment site in the City of North Miami...
Successful representation of the City of Pompano Beach and Pompano Beach Community Redevelopment Agency in connection with the negotiation of project development agreements, including a master developmentagreement, purchase and sale agreement, ground leases, and build-to-suit subleases, for the publ...
Representation of debtor in possession in the chapter 11 case of Cabi Downtown LLC, the owner of an 849-unit condominium project owing over $250 million to a bank consortium, defaulting unit purchasers, trade creditors, and its general contractor. The case was the first large condominium filing in S...