Overview

Cherie S. Raidy is a partner and business lawyer with Foley & Lardner LLP. She works with major corporations and financial institution clients on a variety of representations, including consumer financial litigation and class actions, and mortgage lending litigation cases. Ms. Raidy is a member of the Finance & Financial Institutions, Real Estate, Transactional & Securities, Public Finance, and Private Equity & Venture Capital Practices and the Hospitality & Leisure Industry Team.

Specifically, Ms. Raidy focuses her practice on commercial lending, finance, real estate and business transactions, including commercial loan documentation, synthetic leases, corporate trust, project finance and energy, communications and media-related companies, the acquisition and disposition of hotels, office buildings, leases, and other real property projects, real estate finance, foreclosure, workouts and the representation of financial institutions and multinational corporations. She also has experience in corporate negotiations and drafting of management buyout agreements, asset and stock purchase agreements, and represents private equity funds engaged in the acquisition of distressed companies.

Ms. Raidy represents large corporations and financial institutional clients in a variety of matters.

Recent Representations

  • Representation of JP Morgan Chase in finance transactions, loan transactions and work-outs
  • Representation of Wells Fargo Bank in commercial lending matters
  • Representation of Citigroup in commercial real estate lending and commercial lending transactions throughout the United States  
  • Representation of HCA as California supervising counsel in the $3.2 billion financing transaction with a national lender
  • Representation of the Transportation Corridor System as Special Acquisition Counsel for the $4.2 billion asset purchase transaction for the Foothill Eastern and San Joaquin toll road extensions in Southern California
  • Representing GE Capital in the Salt River Pima Maricopa Indian Tribe dba Phoenix Cement Company $80,000,000 loan syndication in Phoenix, Arizona for the construction of cement production facilities
  • Representing Bank of America on the Sherman Oaks Galleria syndication and the Staples Center adjacent buildings and parking lots construction loans
  • Currently handling syndications representing Chase Manhattan Bank and Paribas, as Agent, on a $500,000,000 transaction
  • Representing Union Bank, as Agent, on a syndication with a well-known borrower in the clothing industry on a $100,000,000 transaction
  • Representing Comerica as Agent on a real estate syndication and building loans in four states
  • Representing State Street National Bank and Trust Company in California, on various syndication leases, off-balance sheet financings, and sale-leaseback financings, for the Calpine Geothermal Projects, The Arrowhead Pond, Metrolink and other large project financings, all in amounts exceeding $100,000,000

Recognition

Ms. Raidy has been Peer Review Rated in Martindale-Hubbell's peer review rating system and was awarded the distinction of being recognized as a "Woman of Influence" by Real Estate Southern California magazine (2007 and 2008). In 2010, The Legal 500 recognized Ms. Raidy as one of the leading lawyers in the U.S. for real estate.

Thought Leadership

Ms. Raidy has lectured on various finance topics, including "New and Improved Commercial Mortgage Lending - or is it?" at the Benjamin Crocker Symposium in October 2011; "Financing Trends of 2007" for the Los Angeles County Bar Finance Section; "Building Green: New Opportunities and Emerging Legal Issues in Commercial and Residential Construction" in 2008 for Stafford Publications; "The Quest for Work-Life Balance in Legal Practice: The Essential Challenge and the Path to Integration" for the Inter-Pacific Bar Association Annual Conference 2008; "Commercial Lending in California," for the National Business Institute; "Case Studies in Project Finance," Commercial Securitized Loans," and Loan Documentation Strategies in the ‘90s – Lessons from the Battle Lines and Judicial Foreclosures – Ask the Experts," for the Los Angeles County Bar Association; "Resolving Troubled Real Estate Loans – Foreclosures and other Terminations of the Mortgage," for the Infocast Banking Seminar; "Successes and Challenges in Mortgage Loan Workouts," for the LACBA; and "Contracts: Best Practices and Negotiation," for the Association of Corporate Counsel.

Affiliations

Ms. Raidy was appointed to the UCLA Ziman Center of Real Estate - LACBA Benjamin S. Crocker Symposium on Real Estate Law and Business for 2011, which organizes the symposium. She also served on the University of Southern California (USC) Law School Institute - LACBA Benjamin S. Crocker Symposium on Real Estate Law and Business 2004 committee.

Education

Ms. Raidy graduated magna cum laude from USC and received her J.D. from Southwestern University School of Law.

Professional Memberships

Ms. Raidy was recently appointed to the State Bar of California Business Law Section Opinions Committee, and was formerly vice chair of the California State Bar Real Property Section. She is a member of the California Minority Council Association, the California Mortgage Bankers Association, and the British American Business Association. She is also involved with the USC Law Institute's Benjamin S. Cocker Symposium on Real Estate.

Community Engagement

Ms. Raidy is a member of the board of directors of the Pasadena YMCA and also serves on the advisory committee to the board of directors of the Los Angeles County Museum of Art ("LACMA").

Publications

  • "Regulatory Update: Selected Topic Summary Overview of the Dodd-Frank and Consumer Protection Act," Real Estate Finance (June 2011)
  • "Regulatory Update: The Successful Work-Out," Real Estate Finance (February 2011)
  • Co-author, "The Yellowstone Club Case: New Concerns Are Raised Regarding Subordination of Secured Creditors Claims," LexisNexis Emerging Issues Analysis (July 2009)
  • "Emerging Legal Requirements and Incentives for Going Green," California Real Estate Journal (August 2007)

Speaking Engagements

  • "Contracts: Is that a Contract or Are You Just Trying to Confuse Me?," The Sixth Annual ACC Southern California In-House Counsel Conference, January 2010
  • "Successes and Challenges in Mortgage Loan Workouts," Los Angeles County Bar Association, Real Estate Finance Section, September 2009