Project (Hotel and Resort) Financing
We represent both lenders and borrowers in acquisition, development, construction and receivable financing facilities; including loan hypothecation, loan sale, securitizations, private placements, and other complex credit facility transactions.
Represented national and regional resort developers as lead and/or local counsel in connection with the financing of vacation ownership receivables through numerous term securitization, warehouse lines of credit, receivables hypothecation and whole loan sale transactions with combined transaction sizes/commitments in excess of $1 billion including the following: (1) Representation of a national resort developer in connection with a term ...
Served as lead counsel to a national developer (and certain subsidiaries) in connection with the structuring, negotiation and documentation of a private offering of $75 million senior secured notes. The note issuance was a highly significant event in the life of this client providing a part of the financing ultimately necessary for a subsequent merger transaction resulting in this client’s becoming a private company.
Represented resort developer in the sale of $30 million resort and other assets. Represented a South Carolina-based timeshare developer with its sale of timeshare resorts located in South Carolina and Tennessee. Assisted in drafting and negotiation of asset purchase and sale agreement and all related closing documents. We also assisted in updating all necessary regulatory registrations.
Represented Las Vegas resort developer in the sale of real property intended for a redevelopment project located on the Vegas strip by Harrah’s Hotel Resort and Casino. One of several attorneys involved in document negotiation, drafting and closing the transaction.
Represented a resort developer in connection with a $40 million hypothecation loan transaction involving receivable loans, which was securitized. Assisted in all aspects of document negotiation and drafting and due diligence.
Represented surviving company in a $200 million merger. Represented resort developer in acquisition of new resort homes to add to a club. The transaction also involved a $200 million credit facility with CapitalSource bank. Assisted in negotiation of the purchase and sale agreement, review of due diligence, review of loan documents and preparation of all corporate work relative to the transaction.
Representation of a hotel company as Georgia counsel in a multi-state, multimillion dollar hotel property refinancing.
Represented a specialty finance company resort lender in connection with structuring, negotiating and documenting a vacation ownership receivables loan sale program.
Represented a national resort developer in connection with a $30 million loan consolidation of multiple real estate and resort secured loans.