Kelly M. Wrenn

Kelly M. Wrenn is a member of Ballard Spahr's Elected Board and leads its Banking and Financial Services Industry Team. He focuses on a wide range of transactional matters, with an emphasis on business finance transactions, real estate law, and commercial loan servicing.

Kelly's clients include portfolio, agency, and conduit lenders, commercial loan servicers, and other financial institutions. Significant rating agency contacts have been developed in connection with his structured-finance practice, and he has been involved in the closing of real estate and business finance transactions throughout the United States. He has been involved in a number of high-profile business finance transactions in recent years.

Representative Matters

• $200 million mezzanine financing for Rockefeller Center, New York
• $100 million mezzanine financing for an office tower at 277 Park Avenue, New York
• $25 million conduit (CMBS) loan secured by an office building in downtown Philadelphia; representation included resolving significant borrower structure issues, ensuring compliance with current rating agency requirements, and negotiating the complicated lockbox account agreement provisions
• $153 million structured finance transaction secured by 16 senior housing facilities in 11 states; multiple loans were either securitized in a CMBS structure or purchased by Freddie Mac for ultimate securitization; loan structure required the review and approval of additional mezzanine financing and the drafting and approval of an intercreditor agreement
• $45 million conduit financing (CMBS) for an office building in Hampton, Virginia
• $88 million construction financing for mixed-use project at Ballston Metro Center, Arlington, Virginia
• $83 million construction financing for continuing-care retirement community in Highlands Ranch, Colorado
• $186 million commercial loan defeasance for Library Square office tower in Los Angeles
• $52 million commercial loan defeasance for Buena Vista Hotel, Orlando
• $130 million commercial loan defeasance for 56 retail sites located in 20 states
• Structured finance transaction involving the air rights development and sale of the ground leasehold interests for Union Station, Washington, D.C.
• $70 million acquisition and development loan for Georgetown Park retail center in Washington, D.C.
• Representation of master servicer in $3.2 billion loan servicing portfolio of over 300 senior housing facilities situated throughout the U.S.
• Representation of seller/servicer in $334 million Fannie Mae master credit facility for 54 senior housing facilities situated throughout the U.S.
• Representation of seller/servicer in $182 million Freddie Mac CME loan portfolio secured by 35 senior living facilities situated throughout the U.S.
• Representation of seller/servicer in $199 million Freddie Mac CME loan portfolio secured by 11 senior housing facilities in California, Florida, and Washington.

Professional Activities

American Bar Association

District of Columbia Bar Association

State Bar Association of Texas

Virginia State Bar Association

American Senior Housing Association

Commercial Mortgage Securities Association

Mortgage Bankers Association, Instructor, commercial real estate law

Recognition & Accomplishments

The Best Lawyers in America, real estate law, 2015-2020

The Legal 500 US, real estate and construction – real estate, 2011-2012

Speaking Engagements

Moderator, "The View from Capitol Hill," CRE Finance Council Annual D.C. Symposium, November 21, 2019

Moderator, "A View from the Top – High Yield Investment Panel," 2019 Trigild Lender Conference, October 23, 2019

Speaker, "A Room with a Capitol Hill View: Legal and Regulatory Update," MBA's Commercial/Multifamily Servicing and Technology Conference 2018, May 22, 2018

Speaker, "Servicer Updates – Legal/Regulatory and LIBOR Phase Out," MBA CREF/Multifamily Housing Convention, San Diego, February 13, 2018

Panelist, "Special Servicing 2016 – Anything Left to Do?" MBA Mortgage Servicing and Technology Conference, Dallas, May 24, 2016

Moderator, "Managing the Servicing of Creative Loan Terms," MBA Mortgage Servicing and Technology Conference, Dallas, May 23, 2016 

Moderator, "What's Driving the Multifamily/Senior Housing Lending Market?" CRE Finance Council Mini-Conference, Washington, D.C., September 16, 2015

Moderator, "Changing Times/Changing Tactics," Trigild Spring Conference, Dallas, April 21, 2015

Moderator, "The Challenges of Deploying Capital in a Hyper Competitive Lending Climate," CRE Finance Counsel Mini-Conference, Washington, D.C., September 16, 2014

Moderator, "2013 Commercial Real Estate Finance Outlook," CRE Finance Council Mini-Conference, Washington, D.C., February 27, 2013

Panelist, "Special Assets, Special Problems," Trigild Spring Conference 2012, Preserving Going Concern Value, Dallas, April 24, 2012

Panelist, "Special Challenges and Solutions by Property Type," Trigild Lender Conference, San Diego, October 23, 2009

Moderator, "The Role of Servicing and Special Servicing for Distressed Loans," 2nd Symposium on Distressed Real Estate, Information Management Network, Las Vegas, June 26, 2008

Board Memberships

CRE Finance Council, Board of Governors, 2019

Washington and Lee University School of Law (J.D. 1984)

Wake Forest University (B.A. 1980, cum laude)

Languages

German

District of Columbia

Texas

Virginia