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Our Work

With 33 years of experience in large firms, solo practice and in-house (on both the legal and business sides), Hetzel-Law brings a unique set of skills to bear on legal and business issues.

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Acquisitions and Dispositions

  • $248,000,000 acquisition of 50-story office tower in Chicago

  • Sale of three golf courses in suburban Atlanta

  • Acquisition of “B Note” from major investment bank

  • $16,700,000 purchase of cumulative preferred stock in Texas REIT with properties in Texas and Maryland

  • $2,000,000 acquisition of interest in a pre-existing Florida general partnership

  • $11,647,000 acquisition of pool of equity real estate and commercial mortgage loans

  • $42,896,000 sale to three purchasers of pools of commercial mortgage loans owned by four lenders

  • Numerous purchases of raw land and finished lots for residential development

Acquistions and Dispositions

Loan Originations

  • $60,000,000 financing of for-profit schools, consisting of (i) term loan secured by 12 properties, (ii) construction loan secured by one property, and (iii) construction facility for future schools

  • $20,000,000 mezzanine loan behind $220,000,000 securitized first mortgage, secured by interests in owner of 45-story Chicago office tower

  • $250,000,000 loan secured by hotels in Chicago, Dallas and Houston

  • $34,500,000 loan secured by California multi-building industrial and retail project, with $7,100,000 future funding for tenant improvements and retail construction and $2,000,000 earnout

  • $5,050,000 and $3,250,000 cross-collateralized loans secured by Denver office buildings, and later split assignment of each

  • Assumption and modification of $6,690,000 loan secured by Georgia apartment complex

  • $18,200,000 loan secured by Connecticut shopping center, and later sale and participation

  • Revolving credit facility consisting of $100,000,000 tranche secured by equity real estate and mortgages and $45,000,000 tranche secured by investors' subscription agreements

  • $50,000,000 revolving credit facility secured by equity real estate andmortgages

  • $100,600,000 multi-lender mezzanine financing of five London, England hotels

  • Representation of pension fund advisor in establishment of $400,000,000 small loan program with major life insurance company

  • Establishment of $200,000,000 whole loan program for state investment fund, including formulation of procedures, drafting all form documents and closing all loans East of the Mississippi

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Loan Originations
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Workouts

  • Representation of developer in workout of $29,540,000 loan secured by 28 Georgia properties

  • Representation of lender in workout of $5,100,000 mezzanine/mortgage loan secured by interests in property-owning entities and Florida real property

  • Representation of lender in workout of $1,025,000 construction loan secured by owner-occupied manufacturing facility

  • Representation of developer in workout of $8,960,000 acquisition and development loan secured by Georgia residential development.

  • Representation of Special Committee of Independent Directors of publicly-held REIT in connection with workout of two $200,000,000 credit facilities and a new $30,000,000 loan

Workouts

Joint Ventures

  • Representation of developer in joint venture construction of active adult communities in Texas and Colorado

  • Representation of REIT in $40,000,000 joint venture with fund managed by major investment bank, requiring contributions of entity interest

  • $12,000,000 joint venture acquisition of Florida shopping center

  • $15,250,000 leveraged joint venture acquisition of apartment complex in Las Vegas for conversion to extended-stay hotel utilizing operating lease structure to avoid unrelated business taxable income for tax-exempt investors

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Joint Ventures

Fund Formation

  • Formation of $100,000,000 commingled fund for development of workforce housing

  • Formation of $50,000,000 commingled CMBS fund with high net worth investors

  • Acquisition of five commingled mortgage funds with $350,000,000 under management

  • Formation of $400,000,000 commingled mortgage fund with private and public pension plans and other tax-exempt investors

  • Formation of $50,000,000 commingled opportunity fund with pension plans and other tax-exempt investors

Fund Formation
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