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Dino Fazlibegu



Dino Fazlibegu focuses his practice on representing investment banks, insurance companies, hedge funds and other financial institutions in complex real estate finance transactions.

What do you focus on?

Loan originations

I have almost 20 years of experience in handling all types of loan originations, including mortgage loans intended for securitizations, mezzanine loans, bridge loans and credit facilities. My experience is comprised of all types of real estate, including hotel, retail, office, multifamily, industrial, manufactured housing and golf course properties, ranging from single-asset financings to highly structured portfolio transactions involving multiple lenders and hundreds of properties located throughout the United States.

Restructurings and workouts

I have also represented portfolio lenders and special servicers of securitized loans during the recent downturn in the economy in numerous workouts and restructurings of secured debt transactions. I have provided clients with strategic advice in such workouts, which have included forbearance agreements, deed-in-lieu transactions, bifurcated “hope note” structures and complex intercreditor issues.

In addition to my real estate finance experience, I have represented clients in numerous transactions involving the issuance of debt through the use of trust preferred securities and subordinated note structures.

What do you see on the horizon?

The resurgence of the securitized lending markets will result in intense competition among lenders for loan originations, particularly with respect to high profile real estate assets. We have developed a team that utilizes our extensive experience in loan originations and workouts to deliver cost-effective market-based solutions to our clients that implement the lessons learned from the recession.

Representative Experience

  • Represented a major life insurance company as co-lender in an aggregate $1 billion loan that was secured by approximately 87 shopping centers containing “Market Basket” supermarkets located in Massachusetts, New Hampshire and Maine.
  • Represented an investment bank and a REIT, as co-lenders, in the origination of an aggregate $1,069,000,000 mortgage loan implementing an A/B note structure in financing the acquisition of a portfolio of 289 multifamily properties located in 10 states and the subsequent refinancing of such loan.
  • Represented an investment bank in the origination of an $805 million loan allocated between a mortgage loan and several layers of mezzanine loans for the acquisition, redevelopment and condominium conversion of an office building in New York City.
  • Represented an insurance company and a financial institution, as co-lenders, in the origination of the senior mortgage loan portion of a $590 million financing secured by an office/retail condominium property located in New York City.
  • Represented an investment bank in the origination of a $500 million mortgage loan which was structured as a component note and secured by the Westchester Mall located in Westchester, New York.
  • Represented an investment bank in the origination of a $247.2 million loan secured by 6 ground leased hotel properties located in various states, which loan was comprised of a mortgage loan and a mezzanine loan.
  • Represented a special servicer in connection with the workout of a defaulted $195 million securitized mortgage loan secured by five furniture mart properties located in North Carolina, which included the appointment of a receiver and the subsequent sale of such properties subject to the assumption of such securitized senior loan by the purchaser and the modification thereof.
  • Represented a special servicer in the restructuring of a $120.5 million securitized mortgage loan secured by a shopping mall located in Florida, which restructuring was comprised of a bifurcated note structure, that included a “Hope Note” and a third party mezzanine loan.
  • Represented financial institutions and hedge funds in numerous trust preferred securities transactions and other unsecured subordinated debt transactions ranging from $25 million to $200 million to public and private companies, home builders, REITs and other institutional borrowers and the subsequent restructuring of many such transactions.
  • Represented an insurance company in the establishment of a $50 million revolving mezzanine credit facility for the acquisition and development of multi-family and student living rental properties and undeveloped land parcels, which credit facility was comprised of individual first mezzanine loans and individual junior mezzanine loans and the subsequent workout thereof.

Contact

Dino Fazlibegu

Partner

New York

Phone: 212-940-3120


Fax: 866-402-5630

New York Law School, J.D., magna cum laude, New York Law School Law Review

Monmouth University, M.B.A.

Polytechnic Institute of New York University, B.S.E.E.

New York

Dino is a member of the Real Property Law Section of the New York State Bar Association.

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