Greenberg Traurig Closes Parkmerced Refinancing for Maximus Real Estate Partners
Citigroup, Inc. (C)
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Source: PR Web
NEW YORK (PRWEB) December 06, 2019 The global Real Estate Practice at law firm Greenberg Traurig, LLP recently closed on the $1.75 billion refinancing of San Francisco's Parkmerced on behalf of owner Maximus Real Estate Partners. The financing included a $1.5 billion mortgage loan from Barclays Capital Real Estate Inc. and Citigroup Global Markets Realty Corp. and a $275,000,000 mezzanine loan from AIMCO."We were pleased to advise and assist our long-time client Maximus on this refinancing. Parkmerced is an iconic development and we are excited to be part of a project that is key to the local community and that will serve the global aim of developing sustainable urban living," said Stephen L. Rabinowitz, managing shareholder of the law firm's New York office and chair of the office's Real Estate Practice, who led the Greenberg Traurig team. "Our work on this wide-ranging transaction involved a national team of Greenberg Traurig lawyers from multiple disciplines, including Real Estate
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