Represented a regional bank in the negotiation and documentation of the bank’s participation in a $50.4 million loan to a prominent Philadelphia developer. In addition to the review and negotiations of the loan documents prepared by the lead lender’s counsel and the participation agreement between the client and the lead lender, this transaction entailed counseling of the client on the C-PACE and Redevelopment Assistance Capital Program (RACP) aspects of the transaction and negotiations of inter-creditor concessions directly with the C-PACE lender.
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