Ballard Spahr LLP is well equipped to develop, structure, and negotiate complex real estate transactions, and regularly handles the origination of syndicated and structured loans. The firm also fields a strong distressed real estate and commercial loan servicing team, advising on restructurings, workouts, and enforcement matters. The practice is chaired by Maryland-based Thomas Hauser, a finance specialist who regularly advises on the purchase, sale, financing, and restructuring of assets ranging from multifamily portfolios to biotech campuses. Jointly leading the practice is Los Angeles partner Siobhan O’Donnell Sachs, who focuses on permanent and bridge loan originations as well as CMBS financings, and New Jersey-based Joseph W. Weill, who is an expert on affordable housing loan facilities.
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Key clients
- BridgeInvest
- Liberty Bank
Work highlights
Represented national real estate lender BridgeInvest in (i) closing its recent $34.5 million loan to a commercial real estate firm for the acquisition of a multifamily rental property in northern New Jersey, which was converted from a shuttered hospital building; and (ii) closing a $13.25 million loan secured by a 40-unit multi-family property in Philadelphia, Pennsylvania, including a related $3.5 million private equity investment by Greyston.
Represented Liberty Bank as the Administrative Agent and Lead Lender in the extension of a Receivables Loan Facility to support the sale of timeshare interests in a multisite timeshare program for projects located throughout the U.S., and for other general working capital and other business purposes of the Borrower.
Practice head
Thomas A. Hauser; Siobhan M. O’Donnell; Joseph W. Weill