Horton McKinney

Mr. McKinney’s experience includes advising:

Workouts

• A public REIT as mortgage lender in connection with the workout of a US$35 million loan secured by an asset in California
• A private equity firm as mortgage lender in connection with the workout of a US$100 million loan secured by an asset in California
• A private equity firm as mortgage lender in connection with the workout of a US$47 million loan secured by an asset in California
• A private equity firm as mortgage lender in connection with a workout where the loan was bifurcated into A, B, and C notes with different interest rates and potential equity kicker in the event of a successful exit. Asset was in Texas*
• An investment bank and the lender syndicate in connection with a workout of a US$900 million unsecured credit facility to a hospitality REIT during the COVID-19 pandemic, converting the same to a secured facility*
• An investment bank and the lender syndicate in connection with the workout and eventual bankruptcy of a US$312 million term loan secured by various hotels across fourteen states*
• An investment bank in connection the workout of a US$1.4 billion secured term loan to a borrower in the retail space with assets across the US*
• A family office in connection with the workout of mortgage and mezzanine loans totaling US$257 million secured directly and indirectly by property in Manhattan*

Construction, Bridge, and Value Add

• A private equity firm as mortgage lender of a US$700 million construction loan for a multifamily and retail asset in Washington*
• A private equity firm as mortgage lender of a US$250 million loan for a multifamily acquisition and related capex work for a portfolio of assets in Nevada*
• A private equity firm and an investment bank as mortgage and mezzanine lenders (combined loans of US$258 million) in connection with a condo conversion of a rental property in Manhattan*
• An investment bank as mortgage lender of US$32 million land assemblage loan (includes incremental upsizes as land is assembled), where the borrower plans to develop condominiums*
• An investment bank as mortgage lender in connection with a US$115 million refinancing of a downtown Boston office tower*
• An investment bank as mortgage lender in connection with a US$800 million NY construction financing and the US$1.2 billion refinancing of the same*
• An investment bank as mortgage lender in connection with a US$310 million financing of an office building in California*
• An investment bank as mortgage lender in connection with a US$87 million financing of a portfolio of office buildings in Texas*
• An investment bank as mortgage lender in connection with a US$110 million construction financing for a student housing project in Georgia*
• A private equity firm as mortgage lender in connection with a US$358 million acquisition and capex loan secured by an office campus in California*
• A private equity firm as mortgage lender in connection with a US$400 million ground up construction loan for an office campus in Massachusetts*

Corporate Level Debt

• An investment bank as mortgage lender in connection with a US$900 million unsecured credit facility to a hospitality REIT*
• An investment bank as mortgage lender in connection with a US$100 million credit facility secured by self-storage assets*
• An investment bank as mortgage lender in connection with a US$250 million credit facility secured by self-storage assets*
• An investment bank as mortgage lender in connection with a US$312 million term loan secured by various hotels across fourteen states*
• An investment bank as mortgage lender in connection with a US$600 million unsecured credit facility to the owner of various government leased building*
• An investment bank as mortgage lender in connection with a US$950 million unsecured credit facility to the owner of various mobile home parks. Also represented the investment bank in connection with M&A acquisition financings as this borrower acquired other REITs*
• An investment bank as mortgage lender in connection with a US$650 million unsecured credit facility to owner of various multifamily building across the Southeast*

Permanent Loan

• A private equity firm as borrower in connection with a US$47 million financing of a portfolio of hotels in Texas
• An investment bank in connection with a US$1.4 billion secured term loan to a borrower in the retail space (including various asset substitutions, extension, and in connection with the acquisition of such borrower as the target in an M&A transaction)*
• An insurance company as mortgage lender in connection with a US$350 million cross-border loan secured by an industrial portfolio in Mexico*
• An insurance company as mortgage lender in connection with a US$77.1 million cross-border loan secured by an industrial portfolio in Mexico*
• An insurance company as mortgage lender in connection with a US$500 million cross-border loan secured by a hotel resort in Mexico*
• An insurance company as mortgage lender in connection with a US$200 million cross-border loan secured by various hotels in Mexico*
• A family office as borrower in connection with various financing of office towers across the US*

Loan on Loan

• An investment bank as leverage lender in connection with a US$75 million loan to a mortgage lender whose loan was secured by assets in Manhattan
• An investment bank as leverage lender in connection with a US$45 million loan to a mortgage lender whose loan was secured by condo inventory in Florida
• An investment bank as leverage lender in connection with a US$300 million loan to a mortgage lender whose loans were secured by various assets across the US
• A public REIT in connection with the sale of a participation interest of a loan secured by an asset in California
• An investment bank as leverage lender in connection with a US$85 million loan to a mortgage lender whose loan was secured by a US hotel asset
• A family office as leverage borrower (and mortgage lender) in connection with a US$46 million loan secured by an asset in New Jersey

*Matter handled prior to joining Latham