Foley represented Maynada Blue, an affiliate of Maynada Holdings, in securing a commercial loan from lender B2R Finance, an affiliate of Blackstone, in the amount of $45.5 million. The complex transaction was secured by 217 properties, which is a significant loan amount and size for a local fund based in Miami. Foley led efforts on behalf of Maynada Holdings for the title component and loan documentation, including the agreement negotiations and structuring of the transaction. Foley had previously represented Maynada Holdings earlier this summer in securing another commercial loan in the amount of $40 million from C1Bank secured by 299 properties.
The Foley team was led by Daniel Diaz Leyva and included Ashley McRae, Patricia Lane and Christine Rittberg.