Success Stories
Commercial Real Estate Acquisitions, Sales, and Related Transactions
Served as purchaser’s counsel in connection with –
Medical office acquisition ($6,500,000) plus construction financing ($7,000,000) and investor syndication for value-add project in Pennsylvania.
Acquisition of 240-unit apartment complex in Orange County, FL with purchase price of approximately $60,000,000, including takeover of related condominium.
Acquisition of 280-unit apartment complex in Hamilton County, IN with purchase price of approximately $60,000,000.
Acquisition of 320-unit apartment complex in Orange County, FL with purchase price of approximately $84,000,000, including takeover of related condominium.
Acquisition of 407-unit apartment complex (including 4 commercial units) in Orange County, FL with purchase price of approximately $95,000,000 with loan assumption.
Acquisition of 140-unit apartment complex in Franklin County, OH with purchase price of approximately $29,500,000 completed through a purchase of membership interests.
Served as borrower’s counsel in connection with –
Pennsylvania multi-property Freddie Mac (FHLMC) refinance ($65,000,000), also involving corporate governance reorganization to plan for family office real estate company succession.
Construction loans ($36,000,000 and $18,000,000) for ground-up development of multifamily apartment complexes and community amenities in Pennsylvania and West Virginia.
Real estate financing transactions (totaling $29,100,000), including for industrial warehouse facility in New Jersey.
Construction loan ($10,000,000) to finance the expansion of an existing educational/academic facility in Pennsylvania.
Modification of construction loan ($28,145,000) for commercial property located in Lancaster County, PA to allow use of funds for tenant improvements for new tenant.
Modification of bridge loan ($3,250,000) and construction loan ($13,920,000) for commercial property located in Lancaster County, PA to release collateral and permit loan assumption by affiliated entity.
Refinance/construction loan ($9,000,000) for commercial property in Montgomery County, PA for tenant improvements for new tenant.
Acquisition loan ($2,300,000) for commercial property in Montgomery County, PA for construction of tenant improvements for new tenant.
Served as seller’s counsel in connection with –
Sale of a franchised hotel located in Pennsylvania, both the real property and operating business (combined $13,500,000), to a regional operator.
Sale of a higher education/academic facility located in Central PA to the university tenant.
Sale of 720-unit apartment complex in Jefferson County, AL with purchase price of approximately $111,000,000 with defeasance of existing financing.
Sale of 350-unit apartment complex in Jefferson County, KY with purchase price of approximately $50,000,000 with 1031 exchange.
Served as lender’s counsel in connection with –
Construction loan ($7,500,000) for renovation of an exclusive private golf course in suburban Philadelphia, PA.
Construction loan ($925,000) for renovation of an exclusive private golf club clubhouse in suburban Philadelphia, PA.
Modification of line of credit ($8,500,000) to trucking company to extend maturity and add covenants
Acquisition loan ($4,875,000) secured by self-storage facility located in Onondaga County, NY including note and mortgage assignment.
The firm also handled a variety of leasing transactions including restaurants, bank branches, warehouses/flex, shopping center/retail, sports/recreational, office, and medical/healthcare.
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Business and Other Corporate/Transactional Work
Represented a Philadelphia-based company – focused on cooling systems, power generation and related infrastructure for data centers, aviation control systems and other platforms – in its acquisition of a company with operations in Denver, CO and Albuquerque, NM.
Structured the reorganization of several captive insurance programs and facilitated the corresponding operating agreements, subscription documents and securities filings.
Documented and consummated closing for a client’s purchase of a district/municipal bond.
Represented the purchaser in a buyout transaction for all outstanding stock in a family business, financed by a commercial business loan and subordinate seller financing.
Represented a mid-size medical practice in its sale to a large regional hospital system, and the subsequent winddown of the practice.
Represented the seller of a New Jersey-based regional security alarm company in its sale of the business to a large national operator.
Represented national REIT in connection with $100M senior secured revolving credit facility with accordion feature of up to $500M arranged and administered by large national bank.
Represented large locally headquartered bank and trust company in connection with multimillion dollar acquisition loans to local trucking company secured by acquired tractors and trailers and also multimillion dollar loan to local business owner secured by commercial real estate in West Chester, PA.