Real Estate Finance

Advised local lender in connection with the acquisition of a distressed loan secured by Northwest District of Columbia residential cooperative apartment complex.  Negotiated loan acquisition from a regional bank, then negotiated and documented modification and extension of loan with borrower.

Tatusko Kennedy represented a national senior living owner/operator as special District of Columbia and Virginia counsel in the recapitalization and refinancing of a portfolio of six (6) senior living facilities.

Tatusko Kennedy represented a local property owner in the closing of a $5,000,000.00 line of credit secured by a fee interest in parcels of real property located in Fairfax (Merrifield), Virginia, currently leased under a long-term Ground Lease and improved by two (2) first-class 200+ unit multi-family and retail facilities.

Tatusko Kennedy negotiated and closed the acquisition of a joint venture membership interest in a senior living facility located in Santa Monica, California and the simultaneous $55,000,000.00 cross-collateralized and cross-defaulted refinancing of the Santa Monica facility and a separate senior living facility located in Washington, D.C.

Tatusko Kennedy closed a $6,500,000.00 refinancing of a senior living facility located in Gardner Park, Massachusetts, including the negotiation of lengthy loan documents intended for use in connection with the securitization of the loan into a commercial mortgage-backed security.

Tatusko Kennedy negotiated and closed the extension of a $5,250,000.00 loan secured by office property located in Chantilly, Virginia, which extension included cross-collateralizing and cross-defaulting the original loan with an additional light industrial parcel owned by an affiliate of the borrower with the same lender, a national life insurance company.