Mark A.Biggar

Partner

Cleveland + 1.216.586.7023

Mark Biggar's practice focuses on the representation of commercial lenders in complicated real estate finance transactions. He has significant experience representing lenders with respect to construction, permanent, mezzanine, and other secured and unsecured financings and in the participation and syndication of loans, particularly for hotel properties, industrial properties, retail centers, office buildings, and mixed-use centers.

Mark's work also centers around real estate investment trust (REIT) finance; hospitality finance; senior housing; note purchases and sales; and mezzanine, A/B, and other forms of subordinated financing. Additionally, he has significant experience representing commercial mortgage-backed security (CMBS) lenders in the origination and pooling of securitized loans.

Clients for which Mark regularly works on substantial financing matters include Wells Fargo Bank, JPMorgan, Bank of America, Royal Bank of Canada, Blackstone, US Bank, and KeyBank.

Experience

  • Financial institution provides $106 million construction loan secured by multifamily housing project, including commercial space, in Burlingame, CaliforniaJones Day represented a financial institution, as administrative agent, in connection with a $106 million construction loan secured by a multifamily housing project, including commercial space, in Burlingame, California.
  • RBC Real Estate Capital Corporation provides $111 million loan secured by Kennebunkport Resort Collection in Kennebunkport, MaineJones Day represented RBC Real Estate Capital Corp., a subsidiary of the Royal Bank of Canada, as administrative agent, in connection with a $111 million loan secured by a fourteen-property portfolio of resorts, hotels, and luxury residential accommodations located in Kennebunkport, Maine.
  • RBC Real Estate Capital Corporation provides loan secured by resort in Myrtle Beach, South CarolinaJones Day represented RBC Real Estate Capital Corp., a subsidiary of the Royal Bank of Canada, as administrative agent, in connection with a loan secured by a resort located in Myrtle Beach, South Carolina.
  • Wells Fargo and other lenders provide $500 million revolving credit facility to large private real estate developerJones Day represented Wells Fargo Bank, National Association, as administrative agent, in connection with a $500 million senior unsecured credit facility to refinance a large private real estate developer's existing debt obligations and for other general corporate purposes.
  • Wells Fargo Bank provides $516.1 million term loan secured by industrial properties in eleven statesJones Day represented Wells Fargo Bank, National Association, as administrative agent, in connection with a $516.1 million loan secured by eighteen industrial properties in California, Florida, Indiana, Nevada, New York, North Carolina, Pennsylvania, South Carolina, Tennessee, Texas, and Washington.
  • Eldridge Industries provides senior secured term loan credit facility to Digital Currency Group, Inc.Jones Day advised Eldridge Industries, LLC, as administrative agent and lead arranger, on a senior secured term loan credit facility provided to Digital Currency Group, Inc. (“DCG”).
  • Royal Bank of Canada provides $127.12 million construction loan secured by life-science bio-manufacturing campus in Devens, MassachusettsJones Day advised Royal Bank of Canada, as administrative agent, in connection with a $127.120 million construction loan secured by a life-science bio-manufacturing campus in Devens, Massachusetts.
  • Wells Fargo provides $260 million term loan secured by multifamily residential building located in Chicago, IllinoisJones Day represented Wells Fargo Bank, National Association, as administrative agent, in connection with a $260 million term loan secured by a multifamily residential building containing 626,633 net rentable residential square feet, 3,631 net rentable retail square feet, and parking for 198 vehicles located in Chicago, Illinois.
  • Financial institution provides $350 million syndicated construction loan secured by “Class A” office building in CaliforniaJones Day represented a financial institution, as administrative agent, in connection with a $350 million syndicated construction loan secured by a “Class A” office building in California.
  • National financial institution provides $212 million term loan and project loan secured by “Class A” office building in New York, New YorkJones Day represented a national financial institution, as administrative agent, in connection with a $212 million term loan and project loan secured by a “Class A” office building in New York, New York.
  • Henderson Park and South Street Partners acquire Palmetto Bluff Montage Hotel and ResortJones Day represented Henderson Park Capital Partners in its joint venture with South Street Partners and the joint venture's acquisition and financing of Palmetto Bluff, a 20,000-acre single family residential and resort community in the Lowcountry of South Carolina, situated between Charleston and Savannah.
  • KeyBank arranges $1 billion revolving credit facilityJones Day represented KeyBank National Association, as left lead arranger and administrative agent, in connection with a $1 billion sustainability-linked revolving credit facility provided by a syndicate of lenders to a publicly traded real estate investment trust.
  • Wells Fargo-led syndicate of lenders successfully negotiate secured $1.1 billion restructuring credit facility for Pennsylvania Real Estate Investment Trust (PREIT)Jones Day represented Wells Fargo Bank, National Association (“Wells Fargo”), as administrative agent, in connection with the Chapter 11 financial reorganization plan of Pennsylvania Real Estate Investment Trust (“PREIT”), a publicly traded real estate investment trust that owns and manages a portfolio of shopping malls totaling over 23 million square feet of retail space.
  • Wells Fargo refinances senior unsecured revolving credit facility for private real estate companyJones Day represented Wells Fargo Bank, National Association, as administrative agent, in connection with the refinancing of a senior unsecured revolving credit facility and increasing the facility to $250 million for a private real estate company.
  • Wells Fargo provides $166.6 million financing for construction of 640-unit Class A apartment property in Washington, D.C.Jones Day advised Wells Fargo Bank, National Association in connection with a $166.6 million loan to finance the construction of a 640-unit Class A apartment property located in Washington, D.C.
  • Wells Fargo amends loan agreement for non-public REITJones Day represented Wells Fargo Bank, National Association, as administrative agent, and Wells Fargo Securities, LLC, as an arranger, in connection with a fifth amended and restated loan agreement provided to a non-public REIT which, among other things, provided for a revolving credit facility in a decreased maximum aggregate principal amount of $150 million and a new delayed draw term loan facility in an aggregate principal amount of $75 million.
  • Financial institution provides $270 million syndicated loan secured by 46-story office building in Chicago, IllinoisJones Day represented a financial institution, as administrative agent, in connection with a $270 million syndicated loan secured by a 46-story office building located in Chicago, Illinois.
  • Well Fargo refinances $1.6 billion credit agreement with publicly traded real estate investment trustJones Day represented Well Fargo Bank, National Association, as administrative agent and lender, in connection with the amendment and restatement of a publicly traded real estate investment trust’s $1.6 billion credit agreement, pursuant to which the $600 million revolving credit facility and $400 million tranche A-2 term loan credit facility were refinanced and extended.
  • Well Fargo provides $325 million construction loan for Los Angeles, California, mixed-use development projectJones Day represented Well Fargo Bank, National Association as administrative agent and syndication agent in connection with a $325 million construction loan for a Los Angeles, California, mixed-use development project containing approximately 600 residential apartments, 189,000 square feet of office space and 90,000 square feet of retail space.
  • Wells Fargo leads $1.5 billion secured credit facility refinance and upsizeJones Day represented Well Fargo Bank, National Association, as administrative agent, in connection with the refinance and upsize of a $1.5 billion credit facility, consisting of a $700 million revolving credit facility, a $300 million term loan A, and a $500 million term loan B, secured by four Gaylord-branded destination resort and conference centers totaling 8,114 guest rooms and over two million square feet of meeting space.