Erica Weiss is a partner in Holland & Knight's Washington, D.C., office. She concentrates her practice on representing financial institutions, pension fund advisers and developers in a wide variety of real estate finance transactions, including conventional asset-based lending transactions, syndicated financings, multistate transactions, participating loans, subscription lines and other commercial finance matters. Her practice also involves all other aspects of a transactional real estate practice, including acquisitions, sales, joint ventures, partnerships and leasing.
Much of Ms. Weiss' practice centers on the representation of financial institutions in transactions involving construction lending, acquisition financing, merchant banking and bridge facilities. She recently served as counsel to the agent bank in connection with the structuring of an $80 million secured facility involving novel recourse and non-recourse tranches, with a variety of real estate and non-real estate collateral.
Another significant aspect of Ms. Weiss' practice involves representation of pension funds, national real estate investment trusts and local developers in developing innovative finance structures to meet each client’s business needs. For example, she worked with a prominent pension fund advisor in obtaining a recourse loan secured initially by pledges of subscription proceeds from investors. Over time, the loan became fully secured by traditional real estate assets and converted to non-recourse financing. This facility permitted the client to lock in record-low interest rates to finance real estate acquisitions over the term of the fund. The transaction was further complicated by significant intercreditor issues with the client’s other syndicated facility.
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