Melanie M. McMenamin
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Melanie M. McMenamin
MemberMelanie’s practice focuses on the representation of a government sponsored entity as national counsel in connection with the origination of non-recourse mortgage loans secured primarily by multifamily residential properties. Melanie also has a broad range of experience representing lenders, issuers, and a national statistical rating agency in transactions involving large loan origination (secured by commercial real property and ground leases, including shopping centers, office buildings, low income housing, and resorts), mezzanine financing, loan sales and purchases, CMBS and RMBS securitization, and post-closing modifications including defeasances, from her time practicing in Dechert LLP’s finance & real estate group.
Melanie maintains a practice advising entrepreneurs in start-up matters and teaches on the faculty of Villanova University’s Charles Widger School of Law, where she serves as the Founding Director of the law school’s Clinic for Law & Entrepreneurship. She has also served on the faculty of the University of Pennsylvania Law School as the Clinical Supervisor and Lecturer in Penn’s Entrepreneurship Legal Clinic.
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Education
Representative Matters
- Regularly represented corporation founded by leading insurers to structure and manage socially responsible community investments in its purchase of loan assets secured by affordable multifamily housing developments.
- Regularly represented national statistical rating agency in evaluating legal aspects of commercial mortgage loans intended for securitization, as well as legal surveillance of rated securitized loan modifications.
- Counseled Irish investment bank in navigating implications of General Growth Properties’ (GGP) bankruptcy for its subordinate debt investment in a GGP asset and negotiating with senior securitized debt holder and borrower to restructure debt stack.
- As lead attorney in all communications with client and opposing counsel, represented U.S. lenders in connection with origination of: $277.5MM of mortgage and mezzanine loans having a convertible preferred equity feature, secured by 7-property portfolio of office buildings located in Texas and Illinois, and $41MM commercial mortgage loan secured by Greeley Mall, Greeley, CO.
- As senior associate on deal team, represented U.S. lenders (and in certain cases, U.S. branches of foreign lenders) in connection with origination of: $200MM commercial mortgage loan secured by The Ritz-Carlton, Grand Cayman, and subsequent loan modifications; $135MM commercial mortgage loan secured by The St. Regis Hotel, Washington, DC, and subsequent loan modifications; $131MM acquisition financing of 41-property portfolio of multifamily housing located in Manhattan, Queens and Brooklyn, NY; $277.5MM of mortgage and mezzanine loans secured by prime Manhattan office building; and $31MM commercial mortgage loan secured by fee interest only of ground leased office building located in Washington, DC, and assignment of CPI-indexed derivative instrument