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Explore Our Capabilities

Private Credit

Overview

Clients turn to Parker Poe for creative and practical solutions in the booming private credit market. We provide Wall Street services from our Southeastern offices, with clients that include alternative asset management firms, hedge funds, real estate investment trusts (REITs), debt funds, and other private lenders. Clients have praised how our team is there when they need us, thinks outside the box, and brings a deal-forward attitude to each transaction.

A major focus of our practice is the intersection of private credit and commercial real estate. We have extensive experience negotiating recourse and nonrecourse loans secured by, among other things, income-producing properties such as residential developments (multifamily, single family, etc.), self-storage facilities, industrial and warehouse properties, hotels, retail developments, and office buildings. A hallmark of our approach is considering both business and legal perspectives in evaluating the risk framework of private credit deals. Our evaluation of risk is also informed by our experience helping private credit firms enforce loans in foreclosures and bankruptcies. 

We have advised both lenders and borrowers on all aspects of originating and closing financing transactions that include, among others:

  • Bridge loans
  • Commercial mortgage-backed securities (CMBS), collateralized loan obligations (CLOs), and other mortgage loans
  • Mezzanine loans
  • Portfolio loan structures
  • Preferred equity investments
  • Single-asset loan structures

Our private credit services are also enhanced by our experience advising on private equity and investment funds — we help clients navigate a diverse range of funding sources and opportunities.

Representative Experience

  • Represented private credit firms lending in states across the country, including California, Washington, Texas, Florida, New Jersey, North Carolina, South Carolina, Georgia, Virginia, Ohio, and Tennessee.
  • Represented a private lender in a $97.2 million acquisition and development loan for a 1,600-unit residential development in Florida involving a takedown contract with a national builder and pledges of membership interests.
  • Represented a national lender in a $23 million loan refinancing three hotel properties in Texas, each having a different hotel flag with different borrowers as tenants in common. We have done over 20 hotel loans for this lender.
  • Represented a private lender in a $24.2 million acquisition and development loan for a residential development in Virginia involving a takedown contract with a national builder and pledges of membership interests.
  • Represented a national lender in connection with a $17.9 million loan to finance costs and expenses of the development of approximately 300 residential homesites on property located in North Carolina. This loan also included a negotiated intercreditor agreement with a national builder.
  • Represented a national lender in connection with an apartment loan secured by real estate located in Washington. This loan included a mezzanine loan facility from a subordinate lender. The real estate was owned by an entity separate from the borrower.
  • Represented a private lender in a $21.7 million acquisition and development loan for a residential development in South Carolina involving a takedown contract with a national builder.
  • Represented private credit firms in enforcing CMBS loans in foreclosure and other enforcement proceedings in South Carolina.

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Professionals

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