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REAL ESTATE FINANCE
Strasburger & Price, LLP's financial services lawyers are leaders in real estate finance representing Texas and money center banks as well as corporate and business borrowers in construction loans, acquisition loans, permanent loans and mortgage warehouse facilities. The financings on which our lawyers have worked include traditional real estate financing to developers, financing for companies which occupy the projects for office space or manufacturing operations, and energy transactions with a significant real estate component such as those involving pipelines, refineries, and petrochemical plants. In traditional real estate financing, the projects have included high rise condominiums, hotels, office space and retail, mixed-use developments including apartments, movie theaters and retail, shopping malls, commercial properties, student housing and lines of credit to homebuilders. Strasburger lawyers have represented banks in the restructuring and workouts of a number of facilities.
Representative transactions:
- Representation of Lender in $69,000,000 construction loan for Park Towers, two 22-story luxury condominium towers in the Hughes Center, Las Vegas, Nevada.
- Representation of Agent in $750,000,000 acquisition loan secured by six petrochemical plants connected by 600 miles of petroleum product pipelines.
- Representation of Borrower in $25,000,000 financing for acquisition of petroleum refinery, pipeline and service stations in West Texas.
- Representation of Agent in $240,000,000 construction loan for The Crescent office, hotel and retail complex in the Uptown area of Dallas.
- Representation of Lender in $66 million mixed-use development in Houston.
- Representation of Lender in $15 million retail shopping development in Katy, Texas.
- Representation of Lender in development of private municipal water system.
- Representation of Agent in $2,000,000,000 financing secured by 26,000 miles of natural gas pipelines.
- Representation of Lender in $60,000,000 construction loan for office, residential and retail project in Atlanta, Georgia.
- Representation of Lender in $60,000,000 acquisition loan for Fiesta Mall in Phoenix, Arizona.
- Representation of Lender in $50,000,000 construction loan for portfolio of manufacturing facilities in cities in California and Kansas.
- Representation of Lender in $18,000,000 acquisition line for seven department stores in five Midwest and southwestern states.
- Representation of Lender in $12,000,000 construction loan for student housing at the University of Nebraska-Omaha.
- Representation of Lender in $18,000,000 construction loan for the groundbreaking Meridian apartment project in the Uptown area of Dallas.
- Representation of Lender in $20,000,000 revolving construction line of credit to national home builder.
- Representation of Developer in $70,000,000 construction loan for Providence Towers office complex in North Dallas.
- Representation of Agent in $350,000,000 mortgage warehouse line of credit.
- Representation of Agent in workout in which 27 real estate properties of various types in 19 states were conveyed to a liquidating trust, including horse farms and timber land.
- Representation of Lender in workout of $170,000,000 in real estate loans resulting in the conveyance to special purpose entity of 21 properties in Texas.
- Representation of Lenders in workouts of mortgage warehouse facilities.
- Representation of Lender in $18,000,000 construction loan for the groundbreaking Meridian apartment project in the Uptown area of Dallas.
- Representation of Lender in $20,000,000 revolving construction line of credit to national home builder.
- Representation of Developer in $70,000,000 construction loan for Providence Towers office complex in North Dallas.
- Representation of Agent in $350,000,000 mortgage warehouse line of credit.
- Representation of Agent in workout in which 27 real estate properties of various types in 19 states were conveyed to a liquidating trust, including horse farms and timber land.
- Representation of Lender in workout of $170,000,000 in real estate loans resulting in the conveyance to special purpose entity of 21 properties in Texas.
- Representation of Lenders in workouts of mortgage warehouse facilities.
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