Project Development & Finance
Seyfarth’s Project Development & Finance practice regularly represents key players within the industry including lenders, agents, borrowers, bond issuers, developers, design-builders and governmental agencies. Our attorneys have experience advising clients on the development and financing of projects as diverse as:
Transportation and Public Infrastructure including roads, bridges, highways, terminals, subway systems, transportation hubs and airports.
Public and Private Real Estate including military installations, hospitals, parking facilities, stadiums and arenas, convention centers, retail complexes, office towers, hotel properties, and mixed-use properties.
Energy and Clean Technologies including utilities, biofuel and ethanol refineries, waste-to-energy facilities, solar, wind and other renewable power installations, and water/waste treatment plants.
501(c)(3) Facilities including colleges, universities, schools, residential housing, nursing homes and assisted-living facilities.
Industrial/ Manufacturing including warehouses, equipment manufacturers, distribution centers and industrial parks.
Seyfarth’s Project Development & Finance team guides clients through all aspects of a projects development, financing and operation. The team includes experienced lawyers in private and public finance, construction, real estate, energy, tax and environmental law. They are supported by lawyers from the firm’s leading litigation practice in the event that a dispute arises during a project’s construction or operation.
The team has experience negotiating joint ventures and developing innovative financing structures, to responding to bids and structuring concessions. Seyfarth’s project finance team regularly represents agents, lenders, and borrowers in the full range of financings, from early stage to constructions to exit financing, secured by a diverse array assets, both in the U.S. and internationally.
Clients engage Seyfarth because we work hard to proactively identify market, revenue and other risks and liabilities that could impact a projects success.
Representative Project Development & Finance Transactions
Represented a major metropolitan city in connection with a 10-acre redevelopment mixed-use site. The transaction included government and regulatory approvals, project development agreements and ground leases and construction documents.
Represented a leading financial services company acting as the administrative agent and collateral agent for a group of lenders under an $80 million senior secured term loan. The proceeds of the loan are being used to finance the sale/leaseback of a chlor-alkali plant in Texas.
Represented leading financial services organization in a joint venture. The joint venture acquired a parcel in Long Island City and will develop a 188-unit apartment building with ground floor retail space. As part of the transaction, we negotiated a development agreement, a management and leasing agreement, and simultaneously closed a construction loan.
Represented a Development Authority as bond counsel in a $440 million complex transaction involving the issuance of three series of taxable revenue bonds. The project required innovative financing structures to accommodate the vertical mixed-use development offering live-work-play-shop opportunities in an urban environment.
Represented a major city authority in connection with the construction of its $4 billion transit center. The work involved all facets of construction, from contract and RFP drafting and negotiation, bid protests, risk mitigation, claims and project close-out issues.
Represented the developer in connection with the multi-tier financing of an ethanol plant expansion project, which included two equity financings completed in both the US and the UK, two debt financings and a subordinated debt tax exempt bond financing. In total, we raised in excess of $210 million for the client.
Represented a developer in connection with its $1 billion air-rights project in a major metropolitan city that includes decking over a depressed portion of a highway, altering highway ingress and egress, building two bridges, and creating three new blocks of mixed-use buildings over the highway. We are preparing the design, professional service and construction contracts for the project, which has involved understanding and integrating Federal Highway Administration and local transportation department requirements.
Represented one of the world’s leading construction companies in developing a $1.8 billion nitrogen fertilizer facility in the United States.