Western Real Estate Finance

Our Western Real Estate Finance Team represents real estate lenders, investors, owners, developers, and loan servicers in transactions and projects throughout the West and nationwide. With offices in key metropolitan locations, we combine deep knowledge of local markets with national scope and resources to help clients maximize the success of their deals.

Ballard Spahr real estate finance attorneys in the West have experience with a wide variety of project types and deal structures, encompassing both debt and equity financing. We advise on structuring, negotiating, documenting, closing, and servicing loans, investments, and projects to assist our clients in achieving their goals in each transaction.

Leveraging technology and the resources of the firm's national Real Estate Department, our Western Real Estate Finance Team provides efficient staffing, value-based pricing, and collaborative project management to exceed our clients' expectations. Leaders of the firm's CMBS Loan Origination and Distressed Real Estate teams reside in the West and provide a strong regional focus to these national practices. We share our insight on local markets and analyze how trends and issues might affect the immediate and long-term business objectives of our clients.

Our clients include some of the nation's most prominent banks, pension funds, insurance companies, hedge funds, specialty lending and finance companies, private equity firms, and mortgage REITs, as well as developers and real estate managers. We advise these clients on the deployment of capital into real estate projects—whether as equity or debt and through a variety of investment vehicles—including multifamily residential, commercial condominium, retail, office, industrial, and hospitality projects. Our Western attorneys have concentrated experience in financing energy generation and transmission projects with real estate components, including solar, wind, biomass, geothermal, and other renewable energy facilities.

Our attorneys are active in real estate organizations across the West, including the Annual University of Southern California Real Estate Law and Business Forum, Commercial Real Estate Finance Council, American College of Real Estate Lawyers, Commercial Real Estate Women, the Urban Land Institute, and NAIOP.


  • 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.