Bell Nunnally Partner Nikki Hurst Gibson represented BOKF, NA, which does business as Bank of Texas, in an $80,067,000 syndicated loan. Closed on August 19,2021 following negotiations dating back to November 2020, the construction loan is part of a four-phase development and involves three industrial buildings totaling 1,953,620 square feet on two leasehold estates in the Dallas/Fort Worth area and owned in fee by the D/FW Airport.
The borrower is a joint venture between a major New York-based investment firm and a local developer. In addition to the negotiation of the terms of the loan documents, the firm tackled an all-encompassing review of the multi-layered borrower structure, as well as extensive review and negotiation of the ground leases and ancillary documents with the airport and borrower.
Related Media Coverage:
- “CDT Roundup: 17 Deals, 11 Firms, 103 Lawyers, $10.6B,” Texas Lawbook