Hunton Andrews Kurth Represents DTH Capital and Rose Associates on the $395M Refinancing of 70 Pine Street

Hunton Andrews Kurth LLP advised EBNB 70 Pine Owner LLC, a joint venture between DTH Capital and Rose Associates, in connection with a $395 million mortgage loan to refinance 70 Pine Street. The owners acquired the building in 2011 and successfully transformed the one million square foot landmarked building into a residential apartment building, with a hotel, sports club, retail component and Michelin star restaurants Crown Shy and Saga.

New York based real estate partners Matthew A. Scoville and Douglas Hoffmann led the legal team on the current financing. Matt and Doug, together with Laurie Grasso, co-chair of Hunton Andrews Kurth’s global real estate practice, have worked on this incredible project for over a decade, from the acquisition, followed by construction financing and capital structuring, and continuing through the closing of this significant financing in a challenging market.   

Hunton Andrews Kurth’s real estate group advises clients on matters involving the full spectrum of commercial, industrial, retail, multifamily, hospitality and mixed-use properties. The team of more than 90 dedicated real estate development and finance lawyers, strategically located in major U.S. markets, has led billions of dollars of deals across the country just in the past year. As industry leaders, our real estate team has extensive experience with high-value projects, complex transactions and creative developments, representing investors, owners, REITs, private equity funds, developers and financial institutions. The firm regularly receives top tier national rankings by publications such as Chambers USA and Legal 500 in the fields of real estate, real estate finance and construction law.