$40 Million Financing of Apartment Community
Managed a $40 million financing of a 400-unit apartment community, which includes affordable housing aspects and a Freddie TEL.
Settlement in Long-Standing Real Estate Litigation Matter Prior to Jury Trial
Secured a significant settlement in a real estate dispute in which the client filed suit against a developer for breach of partnership agreement, breach of fiduciary duty, and fraud; against the recipients of the proceeds for fraudulent transfer and aiding and abetting; and against the closing agent for negligence and aiding and abetting. Following significant procedural wins for the client, the defendants made a settlement offer which was 25 percent higher than the client’s original settlement demand at the outset of the litigation.
Seven-Figure Settlement Against Developer
Negotiated a seven-figure settlement against a largely defunct Texas developer. The claims were mainly based upon the breach of multiple development agreements between the parties associated with several large affordable housing projects in Texas and various affiliated notes. The client had considered the matter a complete loss and believed there was little, if any, possibility of recovery.