Our attorneys negotiated, documented and closed a $258 million construction loan and mezzanine financing transactions for the development and construction of a major hotel and condominium complex and related facilities in Hollywood, California.
On behalf of the lender, JMBM is lead land use counsel involved in preserving, enhancing and protecting the land use entitlements and regulatory approvals for a number of large master planned community development projects that have gone through foreclosure.
Recently, JMBM’s lawyers brought a timely end to a disputed loan by filing and confirming a creditor plan that resulted in transfer of the asset to our creditor client.
JMBM has performed system-wide ADA audits for large national banks and regional banks. We advise major lenders regarding procedures and polices for cyberaccessibility issues, and pre- and post-foreclosure accessibility compliance.
For a major domestic bank, JMBM attorneys managed a portfolio of properties including leasing, CAM audits, and lease administration for commercial properties and shopping centers.
JMBM facilitated the sale of the Sheraton Universal Hotel to Shenzhen New World Group Co. and structured the sale so that the 20-story, 451-room hotel could be conveyed while the hotel was in receivership. All parties were involved in this industry success story, which included recovering on the debt.
After precedent-breaking litigation, JMBM client, United Rock Products Corporation, and the City of Irwindale, California reached agreement to extend the life of the Irwindale quarries for 25 years. The transaction is most notable for the creation of a joint powers authority between the City of Irwindale and the Irwindale Reclamation Authority, the first such arrangement […]
When a leading New York developer wanted to pursue its first California venture, JMBM was the Firm of choice for the deal financing. We closed the senior debt portion of the capital financing for our commercial lending client, HSBC, on the new $330 million Wilshire Carlyle luxury condominium tower. The 24 story, 78-unit crescent-shaped tower […]
JMBM represented both the developer and the investment fund providing the financing for a California project that was one of the largest industrial properties ever built on spec. We helped our clients form a joint venture for building the 1.7 million square foot facility, handled the acquisition of the land, and closed the nine-figure sale […]
On behalf of our client California Mortgage and Realty’s CMR Mortgage Fund, JMBM real estate and bankruptcy lawyers closed a nearly $100 million loan to Halekua Development Corporation, an out-of-possession debtor in a Chapter 7 bankruptcy case. The loan enabled Halekua to redeem from its bankruptcy estate approximately 161 acres of land known as Royal […]