Senior Partner
Real Estate Finance
About Saúl
Saúl concentrates his practice on representing lenders in real estate finance and commercial loans, with a particular focus on structured facilities for institutional and fund borrowers in the real estate space. During his career in New York and Boston, he has represented clients in a wide variety of financings, including secured and unsecured borrowing base facilities for REITs and investment funds, subscription secured lines, unsecured and structurally subordinated lines, real estate construction loans, acquisition finance transactions, and other complex asset-based and cash-flow facilities. Saúl has represented lenders in all rungs of the capital structure and has experience in navigating complex intercreditor arrangements and organizational structures. He has also advised clients on bankruptcy and creditors’ rights issues in connection with workouts of troubled loans and bankruptcy proceedings, including with respect to DIP financing and recovery actions.
Representative Matters
MoreLess- Represented the agent in connection with a $1.1 billion unencumbered asset pool revolving and term loan facility to an industrial REIT
- Represented the agent in connection with a $425 million subscription secured credit facility for a real estate investment fund
- Represented the agent in connection with over $1.2 billion of mortgage secured real estate financings to fund the acquisition and operation of senior health care facilities
- Represented the agent in connection with a $15 million asset-based working capital facility secured by healthcare receivables
- Represented the agent in connection with a $400 million structurally subordinated revolving credit facility to the operating partnership of a private REIT
- Represented the agent in connection with a $125 million equity secured revolving line of credit for an industrial investment fund
- Represented the lender in connection with a $152 million loan to fund the construction of a residential and retail project in Boston’s seaport
- Represented the agent in connection with a $50 million mezzanine loan for a real estate acquisition
- Represented the agent in connection with a $500 million unsecured term loan facility for a public pension fund’s real estate investment arm
- Represented borrower in connection with a $200 million railcar-based financing
- Represented agent in connection with a $100 million asset-based working capital facility for a national direct retailer