Lisa Spelhaug has almost 20 years of experience representing borrowers, bank groups, and individual lenders in a wide variety of commercial real estate financings in jurisdictions across the United States. Her experience includes construction, multifamily, SFR (single family residential investment portfolios), industrial, senior housing, hospitality, and office financings. The various transactions she has worked on have included participations, syndications, and repurchases of commercial mortgage loans; complex capital structures; and mortgage loans with multiple levels of mezzanine financing. Lisa also has significant experience on the workout of troubled real estate loans, including discounted payoffs, deficiency notes, debt for equity swaps, transfers in lieu of foreclosure, and other settlement structures.
In addition to her real estate finance experience, Lisa has a substantial amount of experience representing developers and other clients in commercial leasing, acquisitions and dispositions, and sale-leasebacks. She also has represented nonprofit clients in property acquisitions and financing and leasing transactions.
The following represents experience acquired prior to joining Jones Day.
Represented a large institutional lender on an approximately $140 million acquisition loan for an office building in Chicago.
Represented both owners and lenders in connection with securitized loans secured by portfolios of residential homes located throughout the United States (including the representation of a large institutional lender in connection with a loan of approximately $435 million secured by mortgages on 3300 properties and the representation of a borrower in connection with a loan of approximately $475 million secured by mortgages on 4000 properties).
Represented a large institutional lender in the restructuring and transfers in lieu of foreclosure of a portfolio of loans totaling approximately $700 million. The properties included housing projects, undeveloped land, and multifamily, resort, retail, and office properties located throughout the United States.
Represented an institutional lender in connection with an approximately $130 million construction loan for the construction of a hotel and office building in Chicago, Illinois.
Represented a REIT in connection with its acquisition of an approximately $503 million loan portfolio secured by retail and office assets throughout the United States.
- Hamline University (J.D. cum laude 1997); University of Minnesota (B.A. in Psychology 1993)