Steven A. Pepper

Partner
171 17th Street NW
Suite 2100
Atlanta, Georgia 30363
404.873.8190 phone
404.873.8191fax

Representative Experience

  • Representing a national bank in construction loans for multi-family, condominium, retail, office/warehouse and office projects.
  • Representing large South Carolina and Florida-based apartment management company in connection with management and receivership following Fannie Mae foreclosures. This included various work related to 12 or more properties in Georgia, Florida, North Carolina and Alabama in areas such as dealing with the former owners in connection with the misappropriation of rents, security deposits, laundry income and other revenue, negotiating with local governments over water and other unpaid utility charges, and general property management activities.
  • Representing a California-based healthcare real estate investment trust (REIT) in connection with $45 million senior secured real estate facility for financing of medical office buildings throughout the United States.
  • Representing an institutional owner in the acquisition and disposition of “power center” retail developments, multi-family projects, office/warehouse projects and office developments.
  • Representing a Savannah, Georgia-based private college in connection with $130 million senior-secured credit facility secured by, among other collateral, 50 or more separate parcels of real estate.
  • Representing full-service Tifton, Georgia based real estate development and management company in connection with workout and restructure of $85 million+ of indebtedness secured by diversified portfolio of retail, multifamily, restaurant and office properties located throughout the Southeastern United States.
  • Representing of national bank in corporate, commercial and asset based loans.
  • Representing seller of 12-property Atlanta multifamily portfolio containing 1,100 plus apartment units to Yakima, Washington-based multifamily company, including coordination of equity investment in purchaser by seller and mezzanine loan to seller.
  • Represented Georgia-based apartment owner and manager in connection with the acquisition, disposition and financing of  more than 15,000 apartment units located in Georgia, Florida, Alabama, South Carolina, North Carolina, Virginia, Maryland, Tennessee, Texas and Colorado. These units were mostly class C apartments that were renovated after purchase, thereby creating value for the ownership group. The financing included traditional bank acquisition and renovation financing, and mini-perm refinancing in the commercial mortgage backed securities (CMBS) and insurance company lending space. Though many of the transactions were single development deals, there were several portfolio acquisitions and dispositions.
  • Representing a large Atlanta-based skilled cared nursing home owner and operator in connection with $40 million senior secured credit facility, $40 million senior real estate secured credit facility, and Department of Housing and Urban Development (HUD)-sponsored credit facilities.
  • Representing national bank in workouts and restructuring of numerous non-performing real estate loans, including the workout of defaulted loans to several single-family home developer affecting more than 1,000 homes and developed lots.
  • Represented developer/owner of mixed-use urban redevelopment project of over 80 acres in obtaining approximately $80 Million of NMTC- subsidized financing for multiple phases of the development, including approximately 900,000 square feet of office space. The transactions involved 11 different CDE lenders and acquisitions of participations in existing leverage loans to 11 different NMTC investment funds.
  • Represented Georgia-based apartment owner and manager in connection with the acquisition, disposition and financing of  more than 15,000 apartment units located in Georgia, Florida, Alabama, South Carolina, North Carolina, Virginia, Maryland, Tennessee, Texas and Colorado. These units were mostly class C apartments that were renovated after purchase, thereby creating value for the ownership group. The financing included traditional bank acquisition and renovation financing, and mini-perm refinancing in the commercial mortgage backed securities (CMBS) and insurance company lending space. Though many of the transactions were single development deals, there were several portfolio acquisitions and dispositions.
  • Represented national bank and non-bank lenders in due diligence aspects of loan acquisition transactions regarding more than 300 real estate and asset based loans.