Mr. McDougall is chair of the Firm's Real Estate Department and is resident in the Boston Office. He has been a member of various Senior Management Committees of the Firm for over 10 years. He advises lenders, developers, entrepreneurs, funds and investors in connection with the acquisition, disposition, ownership, use, financing, development, construction, and leasing of commercial real estate. He also represents owners, prime and trade contractors, and design professionals in all types of design and construction contracts and agreements, deal structuring and financing. He is adept in the negotiation and formation of real estate joint ventures, general and limited partnerships, limited liability companies, business trusts and other investment and development vehicles. Mr. McDougall has extensive experience in a wide range of complex real estate financings and structured real estate finance and capital markets transactions secured by a wide array of property types, including office, retail, assisted living/congregate care facilities, hotels, regional shopping malls, industrial parks, mixed-use projects, commercial condominiums and cooperatives and other special use properties. He is experienced in land assemblage transactions and the negotiation, drafting and financing of long-term ground leases and air rights agreements. Mr. McDougall routinely interacts with borrowers, lenders, investors and rating agencies in connection with securitized loan transactions and is well-versed in current rating agency criteria and regulatory trends. He is knowledgeable and experienced in analyzing, designing and documenting sophisticated bankruptcy remote ownership structures and special purpose entities that meet current rating agency requirements and guidelines. He has substantial knowledge and experience in rendering and reviewing complex non-consolidation opinions on behalf of borrowers and lenders in transactions involving complicated organizational structures, multiple tiers of borrowers and lenders and sophisticated mezzanine and term loan debt stacks. He represents major foreign and domestic commercial banks, insurance companies, credit enhancers, liquidity providers, servicers, investors, developers, operators, tenants, public agencies and authorities and others in multi-property and multi-jurisdictional financings, mortgage-backed single and multiple real property securitizations, sale/leaseback transactions, credit tenant lease financings, senior preferred equity investments, permanent, construction, bridge, single and multiple tier mezzanine loan financings. His practice often involves the negotiation, structuring and documentation of joint ventures and partnerships between developers and State and municipal authorities. These public/private projects include the creation of special TIF districts, tax stabilization agreements, PILOT agreements, the negotiation of public infrastructure improvements and other public benefits and incentives. Mr. McDougall also handles all aspects of real estate loan restructurings, workouts, foreclosures and REO sales. He devises strategies to protect rights and maximize options and recoveries in connection with troubled mezzanine loans and mortgage loans involving permanent or construction financing. Mr. McDougall efficiently structures and staffs workout transactions and effectively negotiates loan documentation and covenants essential for his client's protection. Mr. McDougall is a regular contributor and participant at seminars and other finance and real estate industry events. Notable Experience · Lorne has coordinated real estate and environmental issues connected with several different matters including the acquisition of a multi-state broadcasting network, the divestiture of a multi-state cellular telephone system network, as well as with one of the largest bank branch divestitures to date. · He represents U.S., Canadian, U.K. and European lenders in connection with numerous cross-border transactions involving real estate projects, utility companies, securitizations, synthetic leases, mining ventures and general secured and unsecured financings. · Insurance companies and banks are represented by Lorne in connection with zoning, environmental and real estate issues involving existing loans. · Major U.S. banks have relied on Lorne's counsel in several large loan restructurings involving deed in lieu transactions, foreclosures, general debt restructurings and OREO sales. · He has represented a state authority in connection with a $300,000,000 convention center and hotel complex. · He represents developers in connection with the permitting, development and financing of office buildings, suburban and urban shopping malls, parking garages, multi-family developments, industrial and warehouse properties. · Public and private developers are represented by Lorne in connection with hotel, retail and office joint venture and sole development projects, leasing, construction contracts and architect agreements. · Non-profit issuers such as hospitals and public authorities are represented by Lorne in connection with using tax-exempt financings for major construction projects. Before Edwards Wildman Lorne joined the Firm after practicing with major law firms in Toronto and New York City. News & Publications September 2009, Advisory - Bankruptcy Court Denies Motions to Dismiss Cases of SPE Subsidiaries of General Growth Properties, Inc.
Role of Independent Managers Addressed; Section 18-1101(c) of Delaware LLC Act Ignored June 2009, Client Advisory - Update on General Growth Properties Bankruptcy Memberships · Boston Bar Association · Canadian Bar Association · The Hong Kong Law Society · Mortgage Bankers Association · New York State Bar Association · Real Estate Finance Association |