Shopoff Realty Investments L.P. / YAM Financing of Westkin Acquisition

Represented Shopoff Realty Investments L.P. (“Shopoff”) in connection with the $25,000,000 refinancing  of Shopoff’s leasehold interest in the Westkin Portfolio.  The Westkin Portfolio is comprised of two (2) developments totaling approximately 811 acres of land in Cathedral City, CA, subleased to 1,927 individual households, two country clubs, one hotel, one business park and one self-storage facility. The developments are referred to most commonly as Las Estancias (Desert Princess) and Falcon Lake (Cathedral Canyon).  The loan to fund the refinancing was provided by UMB Bank, N.A. (“UMB”).  UMB was represented by Mayer Brown LLP.

Lion Real Estate Group / Brownstone Lofts Refinancing – 1168 Bellevue Avenue

Represented an affiliate of Lion Real Estate Group in connection with the refinancing of the “Brownstone Lofts” located at 1168 Bellevue Avenue in Los Angeles, with a $15,000,000 loan from USAA Life Insurance Company that also included a loan defeasance.  The lender was represented by Barack Ferrazzano Kirschbaum & Nagelberg LLP.

Shopoff Realty Investments L.P. / Los Alisos Refinance

Represented Shopoff Realty Investments, L.P.  in connection with obtaining an $10,400,000 refinance loan for Los Alisos Retail Center located in Mission Viejo, California.  Financing was provided by Ladder Capital Finance LLC which was represented by Katten Muchin Rosenman LLP’s Los Angeles office. 

Vista Investment Group / 3100 N. First Street East West Bank Refinancing

Represented a subsidiary of Vista Investment Group, LLC in its refinance of real property located at 3100 N. 1st Street, San Jose, California. The refinance loan in the amount of $25,000,000 was provided by East West Bank.

B.H. Properties, LLC / US Bank Borrowing Base

Represented B.H. Properties, LLC and five of its affiliates in obtaining a borrowing base loan from U.S. Bank in the original principal amount of $85,000,000 (with the ability to increase such amount to $100,000,000).  The loan is secured by four office buildings in Arizona, one in Texas and one in North Carolina.  The lender was represented by Sheppard Mullin.

Ocean West Capital Partners / The Strand

Represented Ocean West Capital Partners in connection with the $13,500,000 refinance of The Strand – a 47,500 square foot office property located in Newport Beach, California.  Ocean West entered into a loan to fund the refinance provided by LoanCore Capital Funding Corporation.  LoanCore was represented by Gussis & Alexander LLC.

Beverly Pacific, LLC / La Privada Refinancing

Represented Beverly Pacific in connection with obtaining a $50,975,000 loan for La Privada at Scottsdale Ranch, a 350 unit apartment complex located in Scottsdale, Arizona. Financing was provided by CBRE Multifamily Capital, Inc./Fannie Mae who was represented by Jameson Babbitt Stites & Lombard, P.L.L.C.

B.H. Properties, LLC / CIT Bridge Loan

Represented B.H. 1601 Lind Avenue, LLC, an affiliate of B.H. Properties, LLC, in obtaining a $22,750,000 bridge loan from CIT Bank, N.A. secured by an approximately 200,000 square foot office building in Renton, WA.  The lender was represented by Sheppard Mullin.

Lyon Communities / Milpitas District 2

Represented Milpitas – District 2 Partners, LLC, a joint venture between Lyon Communities and Lennar Home Builders, in connection with a $36,201,599.00 mezzanine loan from CDCF IV MILPITAS F2, LLC, a subsidiary of Colony Capital, for the purpose of providing mezzanine funding in connection with the construction of a 207-unit Class “A” apartment complex with approximately 7,735 square feet of ground floor retail located in Milpitas, California.  Lender was represented by Proskauer. 

Lyon Communities / Milpitas District 2

Represented Milpitas – District 2 Owner, LLC, a wholly owned subsidiary of Milpitas – District 2 Partners, LLC, a joint venture between Lyon Communities and Lennar Home Builders, in connection with a $78,300,000 construction loan arranged by Comerica Bank, for the construction of a 207-unit Class “A” apartment complex with approximately 7,735 square feet of ground floor retail located in Milpitas, California.  Lender was represented by Buchalter.

  • "I have had the pleasure of working with and relying on the lawyers from Sklar Kirsh for many transactions. Sklar Kirsh has an aptitude for understanding the big picture of their clients' objectives, which helps them bring additional value in assisting their clients to make better business decisions. Their attention to detail, thoughtfulness, and integrity make them a pleasure to work with."
    — Noah Hochman, Senior Managing Director, TruAmerica Multifamily

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