Sam Deddeh

• Deutsche Bank (“DB”) in providing $135.33 million in financing to a joint venture between affiliates of Trinity Investments and Oaktree Capital Management for the acquisition, renovation, and operation of a Hyatt Regency hotel in Indian Wells, California, with an option to convert to a Grand Hyatt using a renovation facility of up to $39.26 million.*
• DB in a $210 million loan facility for the acquisition of a 33-property, Class A industrial portfolio by Starwood Real Estate Income Trust, totaling 4.07 million square feet across Indiana, Illinois, Ohio, and Wisconsin.*
• DB in providing up to $304 million in fixed-rate financing for the acquisition of Tower 333, a 435K square-foot office building in Bellevue, WA, by affiliates of KKR Capital Corp, featuring a 16-year term with a 10-year anticipated repayment date and a hyper-amortization mechanism.*
• DB in providing up to $407.1 million in floating-rate financing to Starwood Capital Group for the acquisition and refinancing of the Seattle Macy's building, leased to Amazon.*
• DB in a $196 million senior loan and a $53 million mezzanine loan financing for the acquisition of a 3-property, 691-unit student housing portfolio to a joint venture between affiliates of Goldman Sachs Group, Inc. and Landmark Properties Development, LLC.*
• Pacific Coast Capital Partners (“PCCP”) in providing a $268.4 million senior secured loan to a joint venture among ICONIQ Capital, Holland Partner Group, Peak Capital Partners, and Daydream Apartments for the acquisition and stabilization of a 575-unit multifamily portfolio, with 17K square-feet of ground floor commercial space in Downtown Los Angeles.*
• PCCP in providing a $76.3 million senior secured loan to a joint venture between Slovin Properties Inc. and BentallGreenOak for the acquisition and renovation of a 306-unit, high-end apartment project located in Paramount, CA.*
• PCCP in providing a $160 million senior secured loan to USAA Real Estate for the refinancing of The Buchanan, a Class A multifamily asset in Manhattan, NY.*
• PCCP in providing a $166 million senior secured loan to DivcoWest for the acquisition of UTA Plaza and Ice House, a three-building portfolio in Beverly Hills, CA.*
• PCCP in providing a $108.4 million construction loan to a joint venture among Four Rivers Capital, Ramrock Real Estate, and Inverdale Capital Management for the construction of Weir's Plaza, a 12-story mixed-use building in Dallas, TX.*
• PCCP in providing a $97.7 million senior secured loan to DivcoWest for the acquisition, leasing, and capital improvement of West Lake Union Center in Seattle, WA.*
• Pacific Investment Management Company (“PIMCO”) in providing up to $181 million in construction financing for the development of 141 Willoughby, a 23-story, 387K square-foot, Class-A office building in Brooklyn, NY, which also included the negotiation of an $83.3 million mezzanine loan provided by CarVal Investors.*
• PIMCO in providing $120 million loan to affiliates of CBRE Strategic Partners U.S. Value, for the acquisition and leasing of 237 @ First, a 368K square-foot, two-building complex in San Jose, CA.*
• PIMCO in providing $105 million loan to Cypress Ventures and Ramrock Real Estate for the recapitalization and redevelopment of Bayshore Town Center, a 1.2 million square-foot mixed-use property in Glendale, WI, with an initial advance of $45 million for the defeasance of existing municipal debt.*
• Rialto Capital Management, LLC in providing a $55 million floating-rate senior mortgage loan for the refinancing of a newly-constructed 251-unit Class A multifamily property in Fort Myers, FL.*
• Fundamental Advisors, in a joint venture with Sage Hospitality, in securing a $52 million loan from Apollo Commercial Real Estate Finance for the acquisition and renovation of The Blackstone Hotel, a 335-key hotel in Chicago, IL.*
• Fundamental Advisors in a $22 million preferred equity investment in Prairie Shores, a 1,675-unit workforce housing complex in Chicago, IL, to refinance existing debt and fund renovations and leasing costs.*
• Fundamental Advisors in providing a $95 million senior loan to a joint venture for the adaptive reuse of the First National Center in Oklahoma City into a mixed-use development with a Marriott Autograph Collection hotel and multifamily and retail components.*

Distressed Debt, Restructurings & Workouts

Represented:

• Sabal Investment Holdings in the expedited acquisition of a $17.1 million mezzanine loan secured by equity interests in a 65K square-foot luxury office property in Miami, FL, including the negotiation of a $14.5 million bridge loan facility closed simultaneously with the acquisition to fund the purchase, the assumption of post-UCC transfer indemnities, and the successful execution of a UCC foreclosure within a two-week window to take ownership of the underlying asset.*
• Massachusetts Mutual Life Insurance Company in the negotiation of a deed-in-lieu of foreclosure for 550 Corporate Center, a $68.5 million mortgage loan secured by an office property in San Diego, CA, featuring a non-merger structure to a lender designee to preserve lien priority, the assignment of federal government-tenanted leases, a covenant not to sue with recourse carve-outs, and a complex mechanic for the turnover of rents and security deposits.*
• Oaktree Capital Management, as the holder of a $111 million subordinate companion note, in the negotiation of a forbearance agreement and loan modification with respect to a $365 million mortgage loan secured by Park West Village, a multifamily housing complex in New York, NY.*
• Oaktree Capital Management, as administrative agent, in the modification and extension of a $200 million loan to affiliates of Blackstone Real Estate Partners that is secured by equity interests in entities that own a portfolio of showroom, trade show, and logistics properties.*
• Stoa and its affiliates in a complex restructuring and settlement with the noteholders of a securitization trust, involving a deed-in-lieu-of-foreclosure of over 300 single-family homes across multiple states, the transfer of notes, intellectual property, and other assets, in exchange for releases and a covenant not to sue, resolving existing defaults under the loan documents and facilitating the wind-down of Stoa's operations.*
• Inevitable Tech in negotiating forbearance agreements and loan modifications with Silicon Valley Bank and SVB Capital, to address existing loan defaults and to approve the short-sale of two properties located in Caldwell County, Texas totaling over 85 acres, along with the associated infrastructure, development rights and plans.*

Secondary Markets & Portfolio Strategies

Represented:

• DB in the bifurcation of a $133.2 million loan into a $96.7 million senior loan and a $36.5 million mezzanine loan, and the subsequent sale of the mezzanine loan to an affiliate of Rockwood Capital.*
• PCCP in the acquisition of a $99.5 million senior loan secured by the retail and apartment portions of The Star, a mixed-use development in Frisco, TX, and the subsequent modification of the loan terms, which included a 36-month extension and a $4 million borrower/affiliate funding contribution.*
• Fundamental Advisors in the purchase of a $115 million senior loan, structured as taxable municipal bonds, for the acquisition and renovation of the El San Juan Hotel, a 388-key hotel and resort in Carolina, Puerto Rico.*
• Fundamental Advisors in providing two loans totaling $26.49 million to The Domain Companies LLC for the acquisition and redevelopment of residential properties in Brooklyn, NY for mixed-use, and a subsequent $14 million loan-on-loan collateralized by the two mortgage loans.*
• Canyon Partners in the sale of a $188 million senior participation interest in a pool of six mortgage loans to JP Morgan Chase Bank, with an initial advance rate of 61.8% (the percentage of the loan funded at closing) and a maximum advance rate of 65%.*

Digital Infrastructure, Strategic M&A & Recapitalization

Represented:

• Starwood Property Trust in providing an $80 million senior mortgage loan for the acquisition and densification of a 335K square-foot, mission-critical data center in Hapeville, GA, fully leased to Delta Airlines and Travelport, featuring future advance mechanics tied to local utility approvals for a 40 MW critical load upgrade and a $13 million springing payment guaranty triggered by the failure to achieve minimum power requirements.*
• ACORE in providing a $125.25 million cross-collateralized and cross-defaulted loan to an affiliate of H5 Data Centers for the acquisition of a three-property data center portfolio totaling approximately 1.10 million square-foot (Quincy, WA; La Vista, NE; and Lockport, NY) and featuring cash management with minimum-balance reserve and release mechanics tied to CapEx completion and leasing milestones.*
• Cologix in the acquisition of vXchnge's Santa Clara data center facility and related real property for $274.3 million, involving the assumption of existing customer contracts (including colocation, interconnection, and cloud services agreements), and extensive due diligence to ensure a seamless transition of operations.*
• New York Digital Investment Group (“NYDIG”) in the acquisition of assets related to Bitcoin mining operations from U.S. Data Mining Group, Inc., including a Texas-based mining facility, mining equipment, energy contracts, and the provision of transition services.*
• NYDIG in the acquisition of real property and assets related to a Bitcoin mining operation in Spartanburg, South Carolina, from Greenidge Generation Holdings Inc. and its subsidiaries, including the assumption and amendment of an existing mortgage, and the provision of capital for further development of electrical infrastructure delivering a minimum baseline of power to the expanded facility.*
• Provenance Hotel Partners in the closing of a strategic venture that recapitalized eight hotels across the United States, and in the concurrent sale of its hotel management operations of twelve hotels with seller-financing.*
• Goldman Sachs in the sale of its interest in the Liberty Village multifamily property in Salt Lake City, UT, which involved complex negotiations on the allocation of tax credits and deal structuring, ultimately accepting a $58.45 million offer from Starwood Capital that included a mix of cash and operating partnership units in a Starwood REIT, and negotiating a side letter with the joint venture partner, Cowboy Partners, to address the difference in proceeds compared to a competing bid that offered a higher purchase price.*
• Healthpeak in the sale of five assisted living facilities located in Maine, Rhode Island, and Connecticut for a total purchase price of $25.5 million to a joint venture comprised of affiliates of Northbridge Communities, LLC.*
• Healthpeak in the sale of seven senior housing facilities – independent living, assisted living, and memory care – across Georgia, Ohio, Indiana, and Wisconsin, for a total purchase price of $41 million.*
• Healthpeak in the sale of nine senior housing facilities located in North Carolina and South Carolina for a total purchase price of $43 million to affiliates of Jerry Erwin Associates, LLC.*

* Experience gained prior to joining Mayer Brown.