Biography
Joseph Sultan is a partner in the Global Real Estate Practice in Miami. Joey represents public, private and institutional real estate investors, lenders, borrowers and private equity funds in complex real estate transactions across the capital and debt stack, including mortgage and mezzanine financings, revolving credit and term loan facilities, private equity investments, acquisitions and dispositions of real estate and debt and equity interests.
Joey advises clients on transactions nationwide involving a broad range of real estate asset classes, including office, retail, mixed-use, digital infrastructure, single-family rental, self-storage and hospitality. He also represents clients in secondary market transactions, including loan purchases, loan sales, securitizations and syndications.
Experience
Representative matters include:
- A private credit fund, as lender, on a US$335 million refinancing of a mixed-use office, residential and retail development in Miami.*
- A private credit fund on a US$370 million senior construction loan and US$112.5 million back-leverage note-on-note loan for two side-by-side condominium towers in Miami.*
- A private credit fund on a US$477 million mortgage loan financing a data center and headquarters office building in Minneapolis.*
- A global private investment firm on mortgage, senior mezzanine and junior mezzanine construction loans, and related intercreditor negotiations, for a 46-story Long Island City development of 451 affordable-program apartments, 110 condominiums and ground-floor retail.*
- A global investment manager on a loan-on-loan financing structured as a senior participation interest secured by a leasehold interest in a Washington State industrial property.*
- A lender in connection with its origination of a mortgage loan for US$365.5 million secured by an industrial portfolio of 19 properties located throughout North Carolina and South Carolina.*
- A lender on the modification and restructure of a junior mezzanine loan and origination of a senior mezzanine loan secured by a property in Washington, DC.*
- A private equity firm in its origination of loans in connection with the construction of a single-tenant industrial facility located in Alabama.*
- A private equity firm in its origination of loans in connection with the buildout and development of a data center facility located in Minnesota.*
- The administrative agent and the syndicate of lenders in the origination of a US$308 million term loan secured by a 51-property industrial portfolio spread across seven states.*
- The administrative agent and the syndicate of lenders in connection with a US$215 million construction-to-permanent loan secured by a to-be-constructed mixed-use property located in Conshohocken, Pennsylvania.*
- A national bank as administrative agent and lead lender in connection with the syndicated leasehold construction financing of a multifamily apartment project in Miami, Florida.*
- A commercial bank in the origination of a US$111 million construction loan for construction of a new, single-tenant, build-to-suit office building in Washington, DC.*
- The administrative agent and the syndicate of lenders in connection with a US$95 million construction loan secured by a to-be-constructed multifamily property located in Palm Beach, Florida.*
- A lender in connection with a credit facility secured by a portfolio of multifamily properties located throughout the US.*
- A mortgage/mezzanine lender in a US$175 million mortgage loan and US$55 million mezzanine loan involving the acquisition of a property in Sunnyvale, California; represented the senior lender in the subsequent sale and assignment of the mezzanine loan.*
- A sponsor in its entering into a joint venture with a private equity fund, and in the acquisition and agency financing of a multifamily property in Winter Park, Florida.*
- A sponsor in its entering into a joint venture with an institutional investor, and in the acquisition and US$43 million Freddie Mac financing of 261 condominium units in Prince George's County, Maryland.*
- A sponsor in its entering into two separate joint ventures with institutional investors, and in a US$325 million one year bridge mortgage loan and US$100 million mezzanine loan for the refinancing of a portfolio of mixed-use properties in Brooklyn, New York.*
* Refers to matters handled prior to joining White & Case.