Meeting from above to illustrate real estate finance

Real estate finance at institutional scale

In an evolving credit landscape marked by volatility, regulatory pressure, and shifting capital sources, real estate finance has become more complex. Transactions demand technical precision and a deep understanding of market dynamics, risk allocation, and capital structure across origination, execution, and monetization.

DLA Piper’s Real Estate Finance team advises lenders, debt funds, insurance companies, investment banks, and institutional investors on sophisticated financing, refinancing, and restructuring transactions across asset classes and geographies. We are trusted on high value, high stakes matters, often through repeat engagements for the same institutional capital providers, where execution certainty and risk management are critical.

We represent clients across the capital stack on the origination, acquisition, and disposition of mortgage, mezzanine, and structured debt, as well as preferred equity and hybrid financing arrangements. Our experience includes construction, bridge, and permanent financings; single asset and portfolio loans; balance sheet insurance company lending; and complex capital markets and securitized transactions.

Clients rely on us for transactions involving complex capital stacks and multiple stakeholders. We regularly advise on intercreditor arrangements, co lending and participation structures, and multi tranche financings, helping clients protect priority, preserve flexibility, and manage downside risk.

Our work extends through the full life of a loan. We are frequently engaged on loan modifications, workouts, restructurings, and distressed situations, including deed in lieu transactions, foreclosures, note sales, and recapitalizations. Working alongside our restructuring, bankruptcy, tax, and litigation colleagues, we help clients execute decisive strategies in compressed and high pressure situations.

The team brings deep experience across office, multifamily, industrial, logistics, hospitality, mixed use, life sciences, senior housing, and other specialized asset classes. We regularly advise on cross border financings and support both U.S. and non U.S. capital providers investing in domestic assets, with particular experience representing insurance companies and overseas institutional lenders.

Across jurisdictions and practices, we deliver commercially focused advice that aligns legal execution with investment objectives, enabling clients to deploy capital efficiently, manage risk proactively, and navigate market volatility with confidence.  

“I appreciate their ability to navigate complex matters through not only a legal but also a business lens.”

Client, Chambers 2024

Experience

  • Public Storage in the financing for its US$10.5 billion acquisition of National Storage Affiliates, including restructuring existing indebtedness and structuring bridge, CMBS and joint venture financing.
  • Soloviev Group in the US$1.8 billion refinancing of 9 West 57th Street in Manhattan, structured as a single-borrower, stand-alone CMBS transaction.
  • A leading institutional lender in real estate financings across the US, including a US$764.7 million financing secured by a 16-property senior housing portfolio across seven states and a US$305 million financing secured by nine retail properties across five states.
  • A leading institutional real estate investor in a US$375 million mezzanine loan facility forming part of an approximately US$1.4 billion senior and mezzanine financing secured by a portfolio of logistics facilities.A global institutional investment manager in the origination of a Sharia-compliant mortgage loan secured by a portfolio of student housing properties.
  • A global financial institution in a US$150 million construction loan for a major multifamily development in the Pacific Northwest.\
  • A leading financial institution in a US$107.7 million construction loan for a major office-to-residential redevelopment in Northern Virginia.

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