Our Western Finance and Real Estate Group has decades of experience in representing market players in transactions and projects throughout the West and nationwide. With offices in key metropolitan locations, we combine deep knowledge of local markets with a national scope and resources, empowering clients to maximize the success of their deals.
The Group handles a wide variety of project types and deal structures, encompassing both debt and equity financing. We advise lenders, investors, owners, developers, and loan servicers on structuring, negotiating, documenting, closing, and servicing loans, investments, and projects.
Leveraging the latest technology and the vast resources of Ballard Spahr’s national Finance and Real Estate Departments, our Western Finance and Real Estate Group provides efficient staffing, value-based pricing, and collaborative project management designed to exceed our clients' expectations. Leaders of the firm's CMBS Loan Origination and Distressed Real Estate teams also provide a strong regional focus to these national practices, bringing valuable insight into local market dynamics and analyzing how trends and issues might affect the immediate and long-term business objectives of our clients.
Representative Experience
- Representation of an institutional lender in connection with an $820 million loan secured by 16 large apartment projects in Southern California; the transaction involved multiple layers of title insurance, the negotiation of a comprehensive intercreditor agreement with the mezzanine lender, and an extremely short closing period.
- The origination of a $37 million bridge loan to finance the purchase of a non-performing construction loan secured by a failed high-rise luxury condominium project in Berkeley, California. The financing was structured to allow the note-purchaser to subsequently obtain title to the property by foreclosure or deed-in-lieu of foreclosure, complete construction of the project, and convert the project to a luxury multifamily rental project.
- Representation of a major life insurance company in the $360 million financing of a major high-end shopping mall in a suburb of Denver; the transaction involved negotiation of a master lease and agreements with a business improvement district; the complex transaction closed in less than three weeks.
