Handled the complex financing of a $32 million multi-family project
We served as counsel to developer EAB DMM LLC, who was seeking permanent financing for the development of a 241-unit multifamily project valued at approximately $32 million. We advised the client at every step of the transaction, including securing a non-recourse real estate loan coupled with a mezzanine loan in the total loan amount of $27.2. Our role included not only handling the loan process, but also advising the client on numerous organizational changes that were necessary to meet the mezzanine loan requirements, including the creation of new companies and accounting for the organizational structure. We further handled title matters and issuance of title insurance for the project. Our efforts enabled the client to efficiently secure the permanent financing needed for the project.