Tarter Krinsky & Drogin represented Oakmont Malls LLC, a privately held real estate investment company, in the $60 million refinancing of four shopping center properties located in Pennsylvania. The client desired to complete the refinancing prior to the imminent sale by the existing lender, Anglo Irish Bank, of its loan portfolio. Starwood Property Trust provided the new financing. In addition to handling all negotiations with Starwood on behalf of our client, Tarter Krinsky & Drogin coordinated the efforts of local counsel in Pennsylvania, and special counsel in Delaware who issued the opinions required by the rating agencies. The transaction closed successfully prior to the planned loan sale by Anglo Irish Bank.

William W. Weisner, a partner in the Real Estate and Banking and Finance Practices represented the client in this matter.