Represented New York-based real estate investment firm, in a variety of transactions in support of its strategy to continue acquiring over 4,400 units in multi-family properties and condominium projects. This included various debt and equity structures, recapitalization strategies, and expanding the client’s geographical footprint outside of the Florida market.
Represented Fuse Funding in both its hard money loan transactions and various matters to creatively acquire real estate, including winning the $18 million credit bid in bankruptcy auction on the Metronomic Portfolio in Miami, FL; working in conjunction with the Bankruptcy team to win the 17 properties Fuse had a first position mortgage on; acquiring the WeWork Security Building in downtown Miami, FL by purchasing the note on the property from the existing lender who had filed a foreclosure action, and accepting a deed on the property from the owner/borrower in exchange for dismissal of such action, and completing over 20 loan closings, totalling over $250 million.
Acted as general counsel for Crown Linen in various transactions, including the $61,750,000 sale leaseback transactions of six industrial properties in Florida and Georgia.
Represented the borrower of a $117 Million construction loan for the financing of Phase I of the Aqua at Westshore Yacht Club project in Tampa Bay, Florida. When completed, Phase I of the project will feature 77 waterfront condominium residences and nine luxury villas. Mark S. Meland negotiated a tough set of construction loan documents and closed the transaction mid-construction, just after Hurricanes Helene and Milton passed.
Represented Regency Development Group secure $56 million in financing for a luxury waterfront condominium project in Bay Harbor Islands. The Regency Development Group plans to build an eight-story building with 33 two to four-bedroom condominiums and 13 private boat slips. New York-based S3 Capital provided Regency with the construction loan.These high-end condos will be priced from $1.8 million to over $7 million.
Represented industrial developer in negotiation of single tenant leases with multi-national companies of 1.4 million feet and 1.2 million square feet of space and the sale of large parcel to a national company with rail access at the same development located in central Florida.
Acted as co-counsel in connection with litigation, bankruptcy and $95,000,000 credit bid purchase vis-a-vis a 363 bankruptcy sale of a downtown Miami hotel.
Represented the developer of Old Spanish Village in its development of a landmark mixed-use project in Coral Gables, Florida. The project included a master association with numerous condominiums and homeowner associations and other commercial units.
Represented investment group in connection with the acquisition, financing, condominium document preparation, and end unit closings for two office building condominium conversions located 1680 Michigan Avenue, Miami Beach and 11900 Biscayne Boulevard, North Miami.
Represented the developer of IOS Condominium in its acquisition and development of, and condominium document preparation for IOS on the Bay, a condominium. The representation also included negotiation, closing of an acquisition and construction loan, subsequent modifications and closing of unit sales to the general public.
Represented the developers of Villages at Dadeland Condominium, Dadeland Capri Condominium, South Bay Plantation Condominium, and Club Caribe Condominium, in the acquisition and condominium conversion and end unit closings of the properties consisting of over 1,140 condominium units in Miami-Dade, Broward and Collier Counties, Florida.
Represented the developers of The Madison Downtown in the conversion from apartment use to condominium use of a 355-unit project in downtown Miami.
Represented the Angler’s Resort, LLC, in connection with the preparation of hotel condominium documents, obtaining construction financing, the cancellation of purchase agreements, and negotiation with existing lenders to convert the loan from a condominium development loan to an operating hotel loan.
Represented developer in connection with its acquisition, development and submission of state and federal filings for numerous land acquisitions related to the Soleil Condominium, a large mixed-use project to include 288 residential and 11 commercial condominium units and the Vitri Condominium, a mixed-use project of 66 residential and 19 commercial condominium units.
Represented AWAS Aviation Services, Inc. in connection with its lease of its new headquarter space at 801 Brickell Avenue, Miami.
Represented the bankruptcy court appointed fiduciary of Florida Development Associates, Ltd. in acting as settlement/closing agent for all units at the Bentley Bay Condominium located in Miami Beach.
Represented private investor in connection with acquisition of several portfolios of triple-net lease restaurant properties located in six states from an institutional Seller and negotiating and closing of CMBS loan as part of transaction.
Represented private investor in connection with acquisition of numerous triple-net lease properties, including Walmarts, Lowes, and large national bank headquarter office building and negotiating and closing loans in connection with such acquisitions.
Represented private investors in connection with acquisitions and financings of approximately two and a half million square foot portfolio of South Florida retail, warehouse, industrial and office properties.
Represented investors in connection with acquisition of 509 of 774 condominium units in broken condominium.
Represented BNY Mellon Bank, Metro Bank, Northern Trust Bank, Professional Bank, Intercontinental Bank, and other lenders in numerous commercial real estate loan transactions.
Represented 1040 Biscayne Associates, LLC, in connection with the acquisition, development, state and federal filings, and end unit closings of a $150 million mixed-use project known as Ten Museum Park Residential Condominium on Biscayne Bay, Miami. The representation included the modification of an $80 million construction loan, closing all of the sale of units to the general public and defense of lawsuits brought by the condominium association and individual unit owners.
Represented Hyperion Partners in connection with acquisition of loan encumbering the Onyx Condominium project, related litigation and bankruptcy to gain control of project, modification of condominium documents and end sale of balance of acquired condominium units.
Appointed Special Master by Miami-Dade County in connection with collection of county waste fee judgments.
Florida Development Associates – represented the debtor developer of a new construction $110 million luxury condominium project in South Beach with approximately 189 units. After successfully negotiating a $49 million debtor in possession loan and subordinating $10 million of the mezzanine lender’s claim, a Chapter 11 plan of reorganization was confirmed. Thereafter, modified condominium documents and negotiated and conducted closings of all condominium units.
Represented Lexi Development Company, Inc., the owner of the Lexi condominium mixed use development, in its Chapter 11 bankruptcy, in which the Debtor successfully eliminated default interest, avoiding foreclosure and preserving equity for the benefit of the Debtor’s principals.
Condominium Developer Workouts – during the downturn of the real estate and condominium market, represented numerous developers in workouts with senior secured and mezzanine lenders, including Corus Bank, Fremont, Key Bank and Ocean Bank.
Court appointed Mark Meland as Receiver for Innovida Companies run by Claudio Osorio. After discovering an approximately $50 million fraud, ceased operations and filed Chapter 11 for numerous entities. Mark Meland was appointed the Chapter 11 Trustee and liquidated tangible assets. Firm served as litigation counsel to the Chapter 7 trustee in numerous avoidance and tort actions seeking to collect funds for defrauded investors.