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Bricker & Eckler maintains a high-volume, sophisticated mortgage lending practice, representing numerous commercial mortgage lenders throughout Ohio and nationwide. Our lawyers are experienced in learning and understanding the documentation and procedural requirements of each of our many lender clients. Our clients also include banks, savings and loan institutions, insurance companies, trusts and real estate investment trusts.
Bricker & Eckler attorneys are proficient in handling acquisition loans, land assemblage and development loans, construction loans, and permanent loans. We also have ample experience in handling transactions capitalized with mezzanine financing, tax increment financing and tax credits. We also serve as counsel for banks issuing letters of credit to enhance structured bond financings.
Our lawyers and paralegals take a solution-related approach to the loan documentation and closing process that is based on our deep understanding of the business of our lender clients and their customers.
We have served as lender’s counsel for matters in the following areas:
Condominiums
$23.975 million acquisition and construction of a condominium/flats project in Columbus, Ohio
Counsel for the syndicate of participating lenders in connection with Columbus’ luxury, high-rise residential condominium and companion office building, Miranova
$12 million construction loan for a 55-unit condominium project in Columbus, Ohio’s Arena District
$31 million in acquisition and construction loans for a 91-unit condominium development in Dublin, Ohio
$11 million in construction loans for a 68-unit condominium and a 37-unit apartment project in downtown Columbus
$30 plus million mixed-use condominium development in Gahanna, Ohio
Retail/Mixed Use
$14 million acquisition and construction of a warehouse/retail store in Romeoville, Illinois
$6.5 million acquisition and construction of a retail shopping center in Binghamton, New York
$31.675 million leasehold mortgage and construction of a retail shopping center in North Brunswick, New Jersey
$31.6 million acquisition and construction of a retail shopping center in Surprise, Arizona
$5.482 million acquisition and construction of a retail shopping center in Thornton, Colorado
$125 million loan for the acquisition of land and construction of a 403,295-square-foot lifestyle retail center in Brentwood, California; loan was participated with three other lenders
$12 million line of credit for the acquisition of land and construction of stand-alone Starbucks establishments and retail centers throughout the State of Tennessee
$22 million construction loan for a lifestyle center located in Cary, North Carolina
Counsel for the lead bank providing construction financing for Easton Town Center, a mixed use, lifestyle center. The financing, through a consortium of seven national and foreign banks, totaled $210 million.
Counsel for the syndicate of participating lenders in connection with central Ohio’s newest and largest regional mall, Polaris Fashion Place
$60 million financing for construction of a lifestyle center in Deerfield Township, Ohio
Counsel for a major Ohio lender in the $14.1 million refinance of a retail shopping center in Delaware County, Ohio
$54 million financing for construction of a lifestyle center in Lakeland, Florida
$25 million financing for construction of a lifestyle center near Sarasota, Florida
$72 million multi-state acquisition loan of existing retail portfolio consisting of eight retail shopping centers in four states
$36.8 million mortgage loan and revolving line of credit facility for the acquisition of six shopping centers located in Ohio, Indiana and Illinois
Counsel for lead lender in acquisition, construction and development loans aggregating $100 million for multi-use development (retail, office and multi-family) known as The Waterfront in Pittsburgh, Pennsylvania
Multi-Family Housing
$75 million revolving construction loan for a 600 unit condominium complex in the Florida panhandle
Counsel for the syndicate of participating lenders in connection with Columbus’ luxury, high-rise residential condominium and companion office building, Miranova
$12 million construction loan for a 55-unit condominium project in Columbus, Ohio’s Arena District
$31 million in acquisition and construction loans for a 91-unit condominium development in Dublin, Ohio
$45 million financing of a luxury condominium project in downtown Sarasota, Florida, together with associated retail space
$11 million in construction loans for a 68-unit condominium and a 37-unit apartment project in downtown Columbus
$24 million bridge loan by an apartment tower in downtown Philadelphia, Pennsylvania
Office/Business Facilities
Multiple acquisition and construction loans for medical office buildings throughout the central Ohio area; and the assumption of existing loans by third party entities
Counsel for letter of credit bank providing credit enhancement for certain tax-exempt economic development revenue bonds issued by the Rickenbacker Port Authority for the
construction of three YMCA facilities. Reimbursement obligations were secured by leasehold mortgages on three facilities.
Lender's counsel for the $29 million construction mortgage financing of Phase II of the Chase Manhattan Mortgage Corporation building located in Easton, Columbus, Ohio
Counsel for a major Ohio lender in securing a $25 million line of credit by real estate in Ohio and California
Hotels
Counsel for major Ohio lender in a $17.5 million construction loan for a hotel in New Jersey
Counsel for a major Ohio lender in a $11.7 million construction loan for a hotel in Delaware
Counsel for a major Ohio lender in a $26 million construction loan for conversion of apartments to a hotel in Indiana
Low Income Housing
$7.5 million bridge financing for a New Markets Tax Credit leveraged loan transaction
Lender’s counsel with closing construction and permanent loans under the U.S. Department of Agriculture Rural Development Section 538 loan guarantee program for multi-family housing
Counsel for numerous national banks in their capacities as construction and/or permanent lenders on affordable housing and low-income housing tax credit projects throughout Ohio and other states
Multi-Property/Multi-State Transactions
$25 million line of credit to be utilized to provide mezzanine financing for apartment projects throughout the country; primary source of repayment is the promise of third party to contribute equity to each project upon completion of construction
$20 million secured line of credit for acquisition, renovation and construction of grocery stores in multiple states
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