News:
Brokerage
Posted: January 26, 2015
Duval & Stachenfeld reps Melody Capital in $30 million mezzanine loan
Dominican Republic New York-based law firm Duval & Stachenfeld LLP represented Melody Capital Partners in a transaction for a $30 million mezzanine loan to a subsidiary of British Virgin Islands-based Dolphin Capital Investors, a leading global investor and developer of large-scale residential resorts in emerging markets. The loan will be used to complete the development of an Aman-branded resort at Playa Grande Club & Reserve, a 2,000-acre resort in the Dominican Republic, best known for its beaches, nature reserve and 60-ft. cliffs overlooking the golf course designed by the legendary Robert Trent Jones Sr.
Eric Tanjeloff, head of real estate investments of Melody Capital Partners, said, "We are very excited to have partnered with Dolphin on this world-class project. This investment underscores our strategy to assist strong sponsors in unlocking significant value in high-quality real estate assets."
Bruce Stachenfeld, the managing partner of Duval & Stachenfeld, stated that: "This transaction is exactly the reason we formed a Caribbean and Central America Practice Group! There is particular expertise needed in handling a transaction of this nature in the Dominican Republic and I was gratified that our team was able to handle this for our client."
The Duval & Stachenfeld team was spearheaded by partners Michael Kupin and Alan Cohen, along with of counsel Maureen Hannon, with assistance from partner Sam Lee, and associate Sara Kolb.
The attorneys in the Firm's Caribbean and Central America Practice Group have particular expertise assisting clients who are lending, investing, owning and/or developing hospitality, retail, office, industrial and mixed-use assets throughout the Caribbean and Central America, including in the following countries: Aruba, Anguilla, Belize, the British Virgin Islands, Costa Rica, Dominican Republic, Mexico, Panama, Puerto Rico, St. Thomas, Tortola and Trinidad. In addition, our partners have handled billions of dollars of transactions in Puerto Rico, including some of the largest real estate transactions in Puerto Rico's history.
Tags:
Brokerage
MORE FROM Brokerage
People’s Arc of Suffolk signed at 10-year lease 59 Sunrise Hwy East Islip, NY
East Islip, NY People’s Arc of Suffolk has signed a 10-year lease for a 4,000 s/f freestanding retail/office building at 59 Sunrise Hwy. The property
Quick Hits
Columns and Thought Leadership
Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian
There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
A fresh start - by Shallini Mehra and Amit Doshi
For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman
July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
