DLA Piper represented Mirae Asset Global Investments in the refinancing of the iconic Fairmont San Francisco hotel with a US$150 million loan from United Overseas Bank Limited.
Founded in Asia, Mirae Asset Global Investments operates worldwide across 12 markets and manages a fully diversified investment platform.
"Our extensive real estate finance and hospitality sector experience were important factors in completing this complex transaction," said Jeff Diener, the DLA Piper partner who led the firm’s deal team. "We were pleased to partner with Mirae on this opportunity."
In addition to Diener (San Francisco), the DLA Piper deal team included partner Mark Friedman (Baltimore); of counsel Lucien White (New York); and associates Steve Rola (San Diego), Vicente Reyes and Ethan Siler (both San Francisco).
DLA Piper's Real Estate team advises both lenders and borrowers in finance transactions throughout the real estate industry. The team handles all stages of real estate transactions, from the term sheet and structuring stage, through closing, tranching, syndication and securitization, administration, servicing and, if required, restructuring.