Overview
Brian Donnelly serves as a trusted advisor to his clients, helping them navigate complex real estate debt and equity transactions across the Untied States and Canada.
Brian’s debt practice is highlighted by his representation of clients in high-profile pre-development and construction loans (including New York City construction lending matters) with multiple layers of senior and junior credit arrangements, including senior/junior mezzanine debt and preferred equity investments as an alternative capital source for development projects, as well as portfolio deals, and second mortgage arrangements. His experience also includes the origination of complex secondary market transactions and loan-on-loan financings; the negotiation of intercreditor and co-lender agreements; and guiding his clients through loan restructurings, workouts, intercreditor/co-lender disputes, and bankruptcy matters.
Brian’s equity practice is highlighted by his representation of investors and sponsors in the acquisition, development, and disposition of real estate projects across all asset classes and for both single-asset and portfolio transactions, including the negotiation of complex joint venture agreements, the structure and negotiation of recapitalization efforts, and the negotiation of purchase and sale agreements. Brian also has significant experience in leasing transactions, including representing tenants in office and retail leases, sellers and buyers in sale/leaseback transactions, and clients in ground leasing transactions.
Results
- Represented Brookfield Properties in obtaining construction financing for logistics facilities in Elizabeth, New Jersey, and Loma Creek, California
- Represented Oxford Properties in its origination and subsequent workout of a $230 million mortgage and mezzanine construction loan for the construction and development of a nine-story state-of-the-art life sciences project in Somerville, Massachusetts
- Represented QuadReal Property Group in its origination of a $195 million construction loan for the development of an industrial distribution center in Monroe Township, New Jersey
- Represented Apollo Global Management in the origination of a $325 million mezzanine construction loan for the development of The Steinway, a 1,438-foot-tall residential tower in New York City
- Represented BDO USA in connection with its leasing of hundreds of thousands of square feet of Class A office space across the US, including its 143,000 square feet flagship office in Manhattan, New York
- Represented Apollo Global Management in the origination of an $807 million financing, which involved mortgage, senior, and junior mezzanine loan components, of the commercial retail unit at the historic Crown Building in Manhattan, New York
- Represented GMF Capital in its origination of a $27 million second mortgage portfolio loan secured by 42 assisted living and skilled nursing facilities in the Midwest and as a secured creditor in connection with the chapter 11 bankruptcy filing by SC Healthcare Holding, LLC and certain of its affiliates
- Represented Macquarie Capital in connection with its purchase of a significant equity interest in a multifamily portfolio consisting of more than 50 properties and 10,000 units across the Southwestern US. The portfolio included operating and under-construction assets. The transaction was valued at approximately $890 million and included the negotiation of a complex joint venture agreement
- Represented a joint venture between Oxford Properties and Canada Pension Plan Investment Board in connection with them obtaining an approximately $429 million bridge loan and subsequent $221 million loan for the repositioning and pre-development of 550 Washington Street (formerly known as St. John’s Terminal) in Manhattan, New York
- Represented (i) the senior and junior mezzanine lenders in connection with the origination, restructuring and workout of approximately $275 million in junior mezzanine debt for the pre-development of Drew Las Vegas, a casino and resort in Las Vegas, Nevada, and (ii) Korean investors in a significant equity investment made in the ownership of the Drew Las Vegas
Credentials
Education
Osgoode Hall Law School, JD, 2008
University of Guelph, BA, with distinction, 2005
Admissions
New York
