Cadwalader, Wickersham & Taft LLP
Cadwalader, Wickersham & Taft LLP, an international law firm of over 500 attorneys in New York, London, Charlotte, Washington, Houston, Beijing, and Hong Kong represents prestigious financial institutions, leading businesses and high net-worth private clients
Cadwalader, Wickersham & Taft LLP
227 W Trade St
Charlotte NC 28202
Tel: 704 348-5100
Fax: 704 348-5200
E-mail: cwtinfo@cwt.com
Cadwalader's Real Estate practice, one of the premier real estate groups of any major international law firm, applies its expertise to the complete spectrum of real estate transactions, including financings, acquisitions, sales and exchanges, development, construction, joint ventures, real estate investment funds, loan syndications, management, leasing, workouts, land use, government-assisted projects and environmental matters.
Our Real Estate team offers the services of sophisticated professionals who provide a superior depth of expertise to clients developing, acquiring, investing in, or lending with respect to significant projects or providing financing to real estate investment trusts (REITs) and related entities. The group provides advice to many of the world's largest investment banks, commercial banks, insurance companies, and mortgage banks, as well as pension funds, separate accounts, commingled funds, and savings and loan associations, in their varied roles as issuers, sponsors, underwriters, investors and lenders to buyers and sellers of real estate assets and companies.
Working as a team with talented lawyers across a broad range of other disciplines, Cadwalader's real estate attorneys are uniquely qualified to assist clients in the structuring and execution of a wide variety of real estate transactions throughout the United States and the world.
Real Estate Finance
Capital markets real estate finance is of particular importance to Cadwalader’s real estate practice. We pioneered many of the legal structures for securitized products that are the standard world-wide and played a critical role in more than $1 trillion of capital markets transactions. Working closely with our Capital Markets Department, the Real Estate group has represented investment and commercial banks in the origination of more than $10 billion in mortgage loans intended for securitization.
We represent clients in all types of loans, including permanent loans, construction loans, bridge loans, single asset/single borrower securitized loans, participating loans, shared appreciation loans, borrowing base asset loans, subscription facility loans, convertible loans, mezzanine loans, loans backed by credit leases, conduit loans and loans secured by ground leases.
The firm’s real estate attorneys have been involved in virtually every type of mortgage loan securitization offering, including:
* public offerings
* private placements
* foreign offerings
* bonds
* pass-through certificates and commercial paper
* diverse pools of conduit mortgage loans
* small pools of large loans
* single mortgage loans secured by one or more commercial or multifamily properties
* performing and non-performing mortgage loans from existing portfolios
* new commercial mortgage loans originated with a view toward securitization
* commercial loans affecting a variety of properties
Real Estate Investment Trusts
Our real estate attorneys are active in all aspects of transactional and regulatory work for REITs and owners of real estate portfolios. We counsel such clients on the structuring and marketing of REIT securities, organization and registration under federal and state securities laws, offerings, both public and private, of equity and debt securities, securitization transactions, and secured and unsecured loans. We have also served as counsel on merger, acquisition, divestiture and joint venture activities.
We represent and advise sponsors and potential sponsors of REITs and real estate operating companies in a number of different situations. The Firm has advised numerous real estate developers and syndicators, including a number of groups of public limited partnerships, on the use of REITs for the long-term ownership of property. We also assist advisors to institutional investors, including investment bankers in connection with their representation of institutional clients, and advisors who have continuing portfolio or asset management relationships with institutions with significant real estate interests.
Workouts and Bankruptcy
With the regular incidence of nonperforming permanent and construction loans and troubled real estate investments, it is essential to have legal counsel experienced in dealing effectively with troubled real estate interests and with the concerns unique to large financial institutions, developers and government agencies. In the last several years, Cadwalader has successfully dealt with contested foreclosures and bankruptcies on more than 1,000 substantial properties.
On behalf of major institutional clients, our real estate partners, supported by an integrated team from other disciplines, have negotiated the restructuring and advised on the foreclosure of both permanent loans and construction loans, including those in which the construction of the project was incomplete. These workouts have included office buildings, hotels, shopping centers, industrial facilities, golf courses, apartment buildings, and co-op and condominium complexes. Cadwalader attorneys also have substantial experience in workouts involving real estate investment trusts and publicly traded real estate limited partnerships.
With the significant increase in mezzanine loan financings related to real property (in many cases, funded simultaneously with mortgage loan financings), Cadwalader attorneys also have had numerous opportunities to represent various investment funds and financial institutions in the workout and enforcement of troubled mezzanine loans. Our extensive experience in the origination of mezzanine loan financings, in many cases with numerous levels of mezzanine sub-debt and complicated intercreditor arrangements among the mortgage lender and various mezzanine lenders, makes Cadwalader uniquely qualified to analyze and evaluate the rights and remedies, and related risks, facing mezzanine lenders with troubled loans.
Hotels
Cadwalader real estate attorneys have been involved with a number of significant hotel projects througout the country, including marquis names in New York, Washington, D.C., Los Angeles, San Francisco, Philadelphia, and Las Vegas. Our hotel work includes acquisition, financing, development, leasing, franchising and sale of all types of hotel properties.
International Presence
In addition to our domestic presence, Cadwalader is a leading law firm in the representation of international financial institutions and investors in Europe and Latin America. The combined strengths of our practices in real estate finance and capital markets make us well-suited for the international arena and enable us to anticipate and accommodate the needs and expectations of domestic and foreign owners of real estate as well as lenders in these transactions.
Cadwalader’s international experience extends to the representation of clients involved in inbound and outbound multi-jurisdictional transactions throughout western and eastern Europe as well as to diverse real estate matters throughout Latin America, where we have provide counsel on the acquisition of controlling interests in real estate companies, joint venture development projects, lodging and leisure projects, and equity and debt offerings.
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