The Firm Assists Lender Client in $130,000,000 Transaction for the Development of Office Tower in Florida
The Firm’s Partners John-Paul Lujan and Jeff Winick recently assisted their lender client with certain due diligence in connection with a $130,000,000 construction loan to a developer for the development of a 40-stroy office tower in Miami, Florida. John-Paul and Jeff reviewed the Project's design and construction materials, including the developer, design, construction management, general contractor and consulting contracts, performance and payment bonds, drawings and specifications (and related documents) in order to assess the lender's design and construction related liability exposure. John-Paul drafted the transaction's various construction, design and consulting consents to assignment to the lender, designer certifications, as well as all of the modifications to the agreements necessary to minimize the lender's exposure in the event of a default on the part of the developer borrower.
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