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.

Expérience

  • Wells Fargo provides $300 million syndicated revolving credit facility to national owner/operator of marina facilitiesJones Day represented Wells Fargo Bank, National Association, as administrative agent, left lead arranger, and lender, and another financial institution, as a joint lead arranger and a lender, in connection with a $300 million syndicated, pledge-secured, revolving credit facility provided to a national owner/operator of marina facilities.
  • Large financial institution increases term loan secured by two hotel properties located in Knoxville, TennesseeJones Day represented a large financial institution, as administrative agent, in connection with an amendment to increase a term loan secured by two hotels consisting of 384 units located in Knoxville, Tennessee.
  • Leading financial services company completes work out of past-due term loan secured by California office propertyJones Day represented a leading financial services company, as administrative agent, in connection with the work out of a past-due term loan secured by a California office property.
  • Wells Fargo provides $56.495 million term loanJones Day represented Wells Fargo Bank, National Association, as lender, in connection with a $56.495 million term loan secured by a 603-unit multifamily complex located outside Dallas, Texas.
  • Financial institution provides $150 million revolving line of credit secured by portfolio of five apartment complexesJones Day represented a financial institution in connection with a $150 million revolving line of credit secured by five apartment complexes located in Arizona, Texas, Utah, and Washington.
  • Leading financial services company provides $76.88 million term loan secured by student housing project in Flagstaff, AZJones Day represented a leading financial services company, as administrative agent and lender, in connection with a $76.88 million term loan secured by a student housing project located in Flagstaff, AZ.
  • Financial institution provides $135 million term loan secured by 675-unit multifamily apartment complex located in Aliso Viejo, CaliforniaJones Day represented a financial institution, as administrative agent and lead lender, in connection with a $135 million term loan secured by a multi-family apartment complex comprised of 675 units located in Aliso Viejo, California.
  • Wells Fargo provides $137 million syndicated term loan secured by hotel and theme tower in Dallas, TexasJones Day represented Wells Fargo Bank, National Association, as administrative agent and lender, in connection with a $137 million syndicated term loan secured by a hotel and theme tower located in Dallas, Texas.
  • RBC Real Estate Capital Corporation and lenders provide $750 million loan secured by leasehold interest in Boston, MassachusettsJones Day represented RBC Real Estate Capital Corp., a subsidiary of the Royal Bank of Canada, in connection with a $750 million construction loan to lease and develop a ground-up mixed-use development comprised of a lab component with approximately 529,000 net rentable square feet, a multifamily component with approximately 343 rental units, and a hotel component with approximately 246 rooms and 83,000 net rentable square feet.
  • Wells Fargo provides $45 million term loan secured by property located in Tampa, FloridaJones Day represented Wells Fargo Bank, National Association in connection with a $45 million term loan secured by property located in Tampa, Florida.
  • Wells Fargo provides construction loan secured by two industrial buildings located outside of Las Vegas, NevadaJones Day represented Wells Fargo Bank, National Association, as administrative agent and lender, in connection with a construction loan secured by two industrial buildings located outside of Las Vegas, Nevada, totaling approximately 107,135 square feet in the aggregate.
  • Wells Fargo refinances $1.225 billion unsecured credit facilityJones Day represented Wells Fargo Bank, National Association, as administrative agent, in connection the refinancing of a $1.225 billion unsecured credit facility, inclusive of a $600 million revolving credit facility, a new $225 million tranche A-1 term loan facility, and an existing $400 million tranche A-2 term loan facility for a publicly traded real estate investment trust.
  • Financial institution provides term loan secured by apartment building located outside San Francisco, CaliforniaJones Day represented a financial institution in connection with a term loan secured by a 90-unit apartment building located outside San Francisco, California.
  • Wells Fargo provides construction loan secured by six industrial buildings located outside of Las Vegas, NevadaJones Day represented Wells Fargo Bank, National Association, as administrative agent and lender, in connection with a construction loan secured by six industrial buildings located outside of Las Vegas, Nevada, totaling approximately 506,450 square feet in the aggregate.
  • Citizens Bank provides $87.99 million construction loan secured by property located in Maricopa County, ArizonaJones Day represented Citizens Bank, N.A., as administrative agent, in connection with a $87.99 million construction loan secured by property located in Maricopa County, Arizona.
  • Wells Fargo provides $165 million senior loan secured by 500-room hotel and resort property in San Antonio, TexasJones Day represented Wells Fargo Bank, National Association, as administrative agent, in connection with a $165 million senior loan secured by a 500-room hotel and resort property located in San Antonio, Texas.
  • Wells Fargo provides $157.2 million financing for construction of two industrial buildings in Burlington, New JerseyJones Day represented Wells Fargo Bank, National Association, as administrative agent and lender, in connection with a $157.2 million financing for the construction of two industrial buildings consisting of approximately 1,512,840 net rentable square feet located in Burlington, New Jersey.
  • Wells Fargo provides $140.26 million financing for construction of two industrial buildings located in Burlington, New JerseyJones Day represented Wells Fargo Bank, National Association, as administrative agent and lender, in connection with a $140.26 million financing for the construction of two industrial buildings consisting of approximately 1,690,705 net rentable square feet located in Burlington, New Jersey.
  • Wells Fargo provides $78 million term loan facility secured by 314-unit apartment community to be constructed in Scottsdale, ArizonaJones Day represented Wells Fargo Bank, National Association in connection with a $78 million term loan facility secured by a 314-unit apartment community to be constructed in Scottsdale, Arizona.
  • Henderson Park acquires D.C. Mandarin OrientalJones Day represented Henderson Park Capital Partners in its joint venture with Salamander Hospitality, LLC and the joint venture's $139 million acquisition and financing of the D.C. Mandarin Oriental, a 373-room luxury hotel located in the Southwest waterfront area of Washington D.C.