Shulman Rogers assists Capital One in $100M+ syndicated credit facility
November 17, 2016
POTOMAC, Md., Nov. 17, 2016 /PRNewswire/ — Shulman Rogers represented Capital One in a syndicated credit facility of more than $100 million for a subsidiary of a private real estate fund advised by Crow Holdings Capital–Real Estate of Dallas, Texas based Crow Holdings. The credit facility served to recapitalize a purchase of 154 gas station and convenience store sites located in Connecticut, New Hampshire, New York, Pennsylvania, Massachusetts and Rhode Island.
The Shulman Rogers team leader, Matt Bergman, notes, “Our challenge was to deliver exceptional services needed by our client at a price point that provided significant savings to Blue Hills over previous legal fees incurred when it first acquired the properties, and we were able to deliver a first rate product for 20% less than they previously paid.” The finance component of the deal was handled by Matt Bergman and Steve Walter. Alexis Peters, Sam Spiritos, Pat Brown, Leslie Deitch, Chris Hampton, Gayle Orman and Tina Gossart worked on the real estate side of the deal.
Rich Amador, the lead banker for Capital One with respect to the credit facility, confirmed, “Matt brought the extensive resources we needed to get this deal done in a timely fashion. The Shulman Rogers team was skilled, responsive and proved to be a great value for our customer.”
This was not the first time that Shulman Rogers’ Commercial Finance practice teamed up with Shulman Rogers’ Commercial Real Estate practice. Both practices routinely serve as outside counsel on loan transactions for lender and borrower clients alike.
Lori Swim | Media Relations
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