REPRESENTATIVE LOAN TRANSACTIONS

  • Serve as counsel for a non-profit community reinvestment corporation established by all of Hawaii’s depository institutions to facilitate compliance with their Community Reinvestment Act obligations, as well as the corporation’s subsidiaries, in connection with the documentation of below market loans to finance low income housing and the acquisition of equity interests in low income housing/tax credit projects.
  • Serve as counsel for multiple local lenders as well as mainland lenders (both traditional and non-traditional) in connection with the preparation of loan documentation for asset-based financing, as well as acquisition and construction financing of residential subdivisions, condominiums, retail shopping centers, hotels, office and industrial buildings.
  • Served as local counsel for the underwriter in connection with the real estate review and mortgaging of collateral for a $1.6 billion revenue bond offering. Unique Hawaii law issues included ceded lands and the Hawaii mortgage broker statute which required creative restructuring of the transaction.
  • Served as local counsel for the underwriter in connection with the real estate review and mortgaging of leasehold parcels as collateral for a $289 million revenue bond offering and a subsequent $800 million revenue bond offering. The transactions necessitated devising a structure and documentation to address the applicable Hawaii laws related to leasehold interests and Land Court issues.