Stephen Schweiger real estate attorney finance financial institutions construction, mezzanine and permanent financing credit enhancement issuance of taxable and tax exempt bonds

Stephen Schweiger

Director
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Stephen Schweiger real estate attorney finance financial institutions construction, mezzanine and permanent financing credit enhancement issuance of taxable and tax exempt bonds

Representative Matters

AXA IM Alts and its Affiliates in one of the Largest Industrial Portfolio Acquisitions of 2020

Representation of AXA IM Alts and its affiliates in one of the largest industrial portfolio acquisitions of 2020. The portfolio consists of 27 assets in Chicago, Houston, Los Angeles, Central New Jersey, Dallas, South Florida, Southern New Jersey and Atlanta. In a significant step in its strategy to grow a U.S. wide logistics platform, AXA IM Alts, on behalf of clients and through a joint venture with Cabot Properties, Inc., acquired the 7,984,000 s/f portfolio for approximately $875 million, through a share purchase of a REIT previously managed by Cabot Properties. Representation included all matters related to property diligence, structuring, joint venture, purchase, financing, tax and environmental considerations of the property, including tax and structuring issues relating to cross-border investments.

Representation of the Agent in connection with a $95 million syndicated construction and term loan

Representation of the Agent in connection with a $95 million syndicated construction and term loan facility for the acquisition and improvement of a 17-building industrial park with approximately 1.2 mm square feet located in Rockland County, NY

Resolution of a $385M Acquisition and Construction Loan

Representation of the lender in the ongoing resolution of a $385 million acquisition and construction loan in connection with a luxury condominium project in Manhattan financed with multiple tiers of debt.

Agent and Lenders in $260M Loan for Construction of Residential Rental Project

Representation of the agent and the lenders in connection with a $260 million loan for the construction of a residential rental project in Manhattan.

Representation of the Agent in connection with a $113 million syndicated loan

Representation of the Agent in connection with a $113 million syndicated loan facility for the acquisition and renovation of a two building office complex in Chicago, Illinois.

Representation of the Agent in connection with a $75 million loan

Representation of the Agent in connection with a $75 million loan facility for the acquisition and improvement of a 1.7 million square foot, five building portfolio located across five states

Representation of the Lender in connection with a $64 million construction loan

Representation of the Lender in connection with a $64 million construction loan for the development of a three building, 303-unit residential rental complex in White Plains, NY

Workout and Foreclosure of $135M Acquisition and Building Loan Facility

Representation of a co-lender in the workout and foreclosure of a $135 million acquisition and building loan facility secured by a hotel development in Manhattan and subject to a permanent takeout.

Purchase, Finance and Leasing of Retail Center

Representation of the developer in the purchase, finance, and leasing of a $30 million retail center in New Jersey.

Construction Loan for Conversion of Residential Retail Building

Representation of the lender in a $60 million construction loan for the conversion of a residential rental building to office use in Hollywood, California.

Agent and Issuer of $125M letter of Credit Facility

Representation of the agent and issuer of a $125 million letter of credit facility in connection with the issuance of taxable and tax exempt series Housing Revenue Bonds by the New York State Housing Finance Agency for the construction of a mixed use rental facility in New York City.

Ongoing Restructure of $120M, Multi-Tiered Debt Facility

Representation of the agent in the ongoing restructure of a $120 million, multi-tiered debt facility involving the development of a luxury residential condominium project in Washington, D.C.