Ned Joseph Nakles

Associate

Ned.Nakles@hklaw.com

Denver +1.303.974.6547

New York +1.212.513.3890

Practices

Real Estate | Real Estate Finance

Industry

Financial Services

Ned Joseph Nakles

+1.303.974.6547

Overview

Ned Nakles is a Denver and New York real estate attorney who focuses his practice on representing a variety of lenders, funds and sponsors on finance and development transactions across the United States and internationally.

Mr. Nakles represents commercial banks, insurance companies, real estate investment trusts (REITs) and debt funds on senior and mezzanine loans for the construction, redevelopment and refinancing of projects across all major asset classes. He also assists hedge funds, private equity funds, pension funds and family offices in joint ventures, preferred equity investments and common equity investments in complex development projects. Additionally, Mr. Nakles advises borrowers and lenders on restructurings and workouts for troubled properties, including hotels, golf courses and homesites.

Mr. Nakles began his career as an attorney in the U.S. Department of Housing and Urban Development's (HUD) New York City office, where he worked on healthcare and affordable housing transactions, and served as the office's public housing team leader. He leverages this government experience in his work for borrowers and lenders on complex single and multi-asset agency loans involving Fannie Mae, the Federal Housing Administration (FHA) and the World Bank, and on transactions involving municipal bonds and tax credits.

Representative Experience

Represented a fund as the lender in a $336 million mezzanine construction loan for a luxury condominium in downtown Manhattan
Represented a debt fund as the investor in a revolving, multi-property preferred equity facility for the acquisition, development, construction and operation of multifamily properties across the western U.S.
Represented a multinational hospitality company in a $38 million preferred equity financing transaction for the development of a boutique hotel in New York City
Represented a publicly traded company as the borrower in a $150 million cross-defaulted financing secured by five auto dealerships across the U.S.
Represented a lender in a $720 million financing for a nationwide luxury apartment portfolio
Represented a REIT as lender in a $300 million combined mortgage and mezzanine financing for the construction of a hotel and water park
Represented a REIT as borrower in an approximately $600 million construction loan for the development of a life sciences complex
Represented a debt fund as lender in an $81 million mortgage financing for the development of an Arizona industrial property
Represented a debt fund as lender in simultaneous mortgage and mezzanine financing for a Texas industrial portfolio, as well as negotiated a profits participation interest in the portfolio following repayment
Represented a lender in financing of a $225 million multistate manufactured housing portfolio
Represented a private credit lender as preferred equity investor on multiple financings for multifamily developments and self-storage facilities
Represented the government of the Bahamas as borrower in $100 million World Bank-guaranteed credit facility for the development of hospitals and a small business center
Served as Colorado counsel on multiple modifications to a major ski resort group's approximately $1 billion credit facility secured by multiple Colorado ski resorts

Served as Colorado counsel to a hotel brand with respect to a $1 billion luxury hotel and condominium development in southwest Colorado
Represented a fund as the investor in a joint venture for the acquisition and operation of an airport hanger in California
Represented a REIT in the negotiation of a $1 billion pipeline and exclusivity agreement to govern the creation of multiple joint ventures for the development of seniors housing properties
Represented a pension fund in a common equity investment in development of the New York Islanders arena
Represented a fund as investor in a joint venture for the acquisition and development of a mountain west luxury shopping mall, as well as in the related purchase and financing of the property

Represented a debt fund in the workout and restructuring of a $100 million hotel and golf course property in Florida
Represented a fund as loan purchaser in the acquisition and administration of a distressed loan for a mid-construction New York City waterfront condominium development
Represented a debt fund in the workout and restructuring of approximately $250 million of senior debt for three mid-construction Hollywood hotel and event center properties
Represented a loan purchaser in the workout and restructuring of multiple student housing properties in Oklahoma and Florida

Represented a fund in the acquisition, mortgage and mezzanine financing of a $75 million multifamily building in New York City
Represented a fund in a sale-leaseback transaction for a California manufacturing facility
Represented a fund in the acquisition and financing of a $350 million multistate retail portfolio with sites in California, Florida and Texas
Represented regulated bank in the sale of its midtown Manhattan U.S. headquarters building to a major financial institution
Represented the owner in the sale of a Chelsea art gallery
Represented the seller in the sale of a portfolio of medical office properties